Triglav Skladi D.O.O. Invests $929,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Triglav Skladi D.O.O. purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 23,325 shares of the industrial products company's stock, valued at approximately $929,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TTEK. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth about $39,000. Asset Planning Inc bought a new stake in Tetra Tech during the fourth quarter worth about $40,000. Jones Financial Companies Lllp boosted its stake in Tetra Tech by 98.0% during 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 bought a new stake in Tetra Tech during the fourth quarter worth about $40,000. Finally, Blue Trust Inc. boosted its stake in Tetra Tech by 235.8% during the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after acquiring an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTEK. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp upped their target price on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Robert W. Baird upped their target price on shares of Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK traded up $0.15 on Wednesday, reaching $35.60. The company's stock had a trading volume of 2,498,838 shares, compared to its average volume of 2,071,952. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a market cap of $9.38 billion, a P/E ratio of 37.39 and a beta of 0.92. The company has a 50-day simple moving average of $31.03 and a 200 day simple moving average of $35.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the company posted $0.28 EPS. The business's revenue was up 25.9% on a year-over-year basis. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a $0.065 dividend. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.

Tetra Tech Company 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.