Vestcor Inc lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 83.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,972 shares of the industrial products company's stock after selling 15,000 shares during the period. Vestcor Inc's holdings in Tetra Tech were worth $87,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA lifted its stake in shares of Tetra Tech by 3.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock valued at $424,209,000 after buying an additional 484,053 shares in the last quarter. Sarasin & Partners LLP purchased a new position in shares of Tetra Tech in the first quarter valued at about $144,799,000. Robeco Schweiz AG grew its position in shares of Tetra Tech by 30.3% during the first quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock worth $93,369,000 after purchasing an additional 742,241 shares in the last quarter. Ninety One UK Ltd raised its stake in Tetra Tech by 26.4% during the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company's stock valued at $87,465,000 after purchasing an additional 625,052 shares during the period. Finally, Northern Trust Corp raised its position in shares of Tetra Tech by 21.3% during the fourth quarter. Northern Trust Corp now owns 2,745,434 shares of the industrial products company's stock valued at $109,378,000 after buying an additional 482,101 shares during the last quarter. Institutional investors own 93.89% of the company's stock.
Analyst Upgrades and Downgrades
TTEK has been the topic of several research reports. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird upped 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. Finally, KeyCorp increased their price target on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.67.
Read Our Latest Stock Report on Tetra Tech
Tetra Tech Trading Down 0.3%
NASDAQ TTEK traded down $0.10 during trading on Wednesday, hitting $37.27. The stock had a trading volume of 3,141,909 shares, compared to its average volume of 1,803,823. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The stock has a 50 day simple moving average of $36.35 and a 200 day simple moving average of $33.51. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 46.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.18.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.
Tetra Tech Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Tetra Tech's dividend payout ratio (DPR) is currently 32.50%.
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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