WCM Investment Management LLC lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 96.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,726 shares of the industrial products company's stock after selling 1,186,136 shares during the quarter. WCM Investment Management LLC's holdings in Tetra Tech were worth $1,450,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Summit Trail Advisors LLC bought a new stake in shares of Tetra Tech during the 1st quarter worth approximately $590,000. Clear Creek Financial Management LLC grew its holdings in Tetra Tech by 24.6% in the 1st quarter. Clear Creek Financial Management LLC now owns 10,488 shares of the industrial products company's stock valued at $307,000 after buying an additional 2,070 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Tetra Tech by 20.5% during the 1st quarter. Copeland Capital Management LLC now owns 2,001,321 shares of the industrial products company's stock worth $58,539,000 after purchasing an additional 340,734 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Tetra Tech during the 1st quarter worth $3,063,000. Finally, Perpetual Ltd boosted its stake in Tetra Tech by 38.1% in the first quarter. Perpetual Ltd now owns 296,938 shares of the industrial products company's stock valued at $8,685,000 after buying an additional 81,896 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.
Tetra Tech Trading Down 0.5%
TTEK stock traded down $0.20 during trading on Monday, hitting $36.40. 1,075,572 shares of the company traded hands, compared to its average volume of 2,127,868. The firm has a market capitalization of $9.59 billion, a PE ratio of 52.91 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a 50-day moving average of $34.89 and a 200-day moving average of $33.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.10 and a current ratio of 1.10.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The business's revenue was up 25.9% compared to the same quarter last year. Analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.065 per share. The ex-dividend date was Friday, May 23rd. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.71%. Tetra Tech's payout ratio is 37.68%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird boosted their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, KeyCorp lifted their target price on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $41.00.
View Our Latest Stock Report on Tetra Tech
Tetra Tech Profile
(
Free Report)
Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.
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