Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,175,224 shares of the industrial products company's stock after purchasing an additional 138,368 shares during the quarter. TimesSquare Capital Management LLC owned 0.44% of Tetra Tech worth $34,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTEK. Chilton Capital Management LLC purchased a new position in Tetra Tech in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after acquiring an additional 495 shares in the last quarter. Caption Management LLC purchased a new position in shares of Tetra Tech in the 4th quarter valued at $40,000. MassMutual Private Wealth & Trust FSB boosted its position in Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after purchasing an additional 1,483 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Tetra Tech in the 4th quarter valued at $61,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. KeyCorp raised their target price on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Up 2.4%

NASDAQ:TTEK traded up $0.88 on Thursday, reaching $38.02. The stock had a trading volume of 1,842,249 shares, compared to its average volume of 2,142,379. The company has a 50-day moving average of $35.75 and a 200 day moving average of $33.82. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.49. The stock has a market cap of $10.02 billion, a P/E ratio of 55.26 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. Tetra Tech's revenue for the quarter was up 25.9% on a year-over-year basis. On average, research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a $0.065 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 0.68%. Tetra Tech's dividend payout ratio is currently 37.68%.

Tetra Tech Profile

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.