Williams Jones Wealth Management LLC. Buys 73,315 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Williams Jones Wealth Management LLC. increased its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,227 shares of the industrial products company's stock after buying an additional 73,315 shares during the period. Williams Jones Wealth Management LLC. owned 0.16% of Tetra Tech worth $16,822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. New England Research & Management Inc. acquired a new position in Tetra Tech during the 4th quarter valued at about $596,000. Nicola Wealth Management LTD. boosted its stake in Tetra Tech by 36.8% during the 4th quarter. Nicola Wealth Management LTD. now owns 65,000 shares of the industrial products company's stock valued at $2,590,000 after purchasing an additional 17,500 shares during the last quarter. Lecap Asset Management Ltd. boosted its stake in Tetra Tech by 71.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock valued at $1,784,000 after purchasing an additional 18,635 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Tetra Tech by 53.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company's stock valued at $1,560,000 after purchasing an additional 13,606 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock valued at $8,567,000 after purchasing an additional 18,842 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK traded down $0.03 during midday trading on Friday, reaching $35.42. The company's stock had a trading volume of 2,024,442 shares, compared to its average volume of 2,083,532. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The firm has a 50 day moving average price of $31.27 and a 200-day moving average price of $35.44. The stock has a market capitalization of $9.33 billion, a P/E ratio of 37.21 and a beta of 0.92. 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 (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company's revenue was up 25.9% compared to the same quarter last year. As a group, equities 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 will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $0.065 dividend. 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 payout ratio is 37.68%.

Wall Street Analyst Weigh In

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