Union Bancaire Privee UBP SA Lowers Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Union Bancaire Privee UBP SA lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,252 shares of the industrial products company's stock after selling 9,787 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Tetra Tech were worth $3,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TTEK. Oregon Public Employees Retirement Fund increased its position in Tetra Tech by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after buying an additional 400 shares in the last quarter. CIBC Asset Management Inc increased its position in Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock valued at $331,000 after buying an additional 438 shares in the last quarter. Farther Finance Advisors LLC increased its position in Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after buying an additional 461 shares in the last quarter. Fifth Third Bancorp increased its position in Tetra Tech by 9.7% during the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock valued at $157,000 after buying an additional 475 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded up $0.62 during trading hours on Thursday, reaching $36.25. 1,940,565 shares of the stock traded hands, compared to its average volume of 2,117,230. The company has a 50 day moving average price of $32.93 and a 200 day moving average price of $34.71. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 38.08 and a beta of 0.95. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a dividend of $0.065 per share. 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 0.72%. The ex-dividend date of this dividend was Friday, May 23rd. Tetra Tech's payout ratio is presently 37.68%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp increased their price objective on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Robert W. Baird increased their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of "Hold" and a consensus target price of $41.00.

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.