Triglav Skladi D.O.O. acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,325 shares of the industrial products company's stock, valued at approximately $929,000.
Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Tetra Tech in the fourth quarter worth $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech in the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its stake 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 purchasing an additional 495 shares during the last quarter. Caption Management LLC bought a new stake in Tetra Tech during the fourth quarter valued at $40,000. Finally, Blue Trust Inc. boosted its position 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 valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. Institutional investors own 93.89% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on TTEK shares. KeyCorp upped their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Robert W. Baird upped their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.00.
Check Out Our Latest Report on TTEK
Tetra Tech Stock Down 0.1%
Shares of TTEK stock traded down $0.03 on Friday, reaching $35.42. 2,024,442 shares of the company were exchanged, compared to its average volume of 2,080,827. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 37.21 and a beta of 0.92. The company has a 50-day moving average of $31.27 and a 200-day moving average of $35.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The business's revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. Analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.
Tetra Tech Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.065 per share. 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. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is 37.68%.
About Tetra Tech
(
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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