Price T Rowe Associates Inc. MD Purchases 13,944 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Price T Rowe Associates Inc. MD lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 174,888 shares of the industrial products company's stock after purchasing an additional 13,944 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Tetra Tech worth $6,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter valued at about $39,000. Asset Planning Inc acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 495 shares during the period. Blue Trust Inc. lifted 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 purchasing an additional 1,014 shares during the period. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Tetra Tech in the fourth quarter valued at $63,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

TTEK has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday. KeyCorp boosted their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $44.15.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded up $0.26 on Friday, hitting $35.14. The company's stock had a trading volume of 1,854,751 shares, compared to its average volume of 2,020,937. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 36.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The stock's 50-day moving average is $29.94 and its two-hundred day moving average is $36.56. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20.

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

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio (DPR) is presently 24.21%.

Tetra Tech 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.