Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Lifted by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 85.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,965 shares of the industrial products company's stock after buying an additional 21,241 shares during the quarter. Captrust Financial Advisors' holdings in Tetra Tech were worth $1,831,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Tetra Tech by 279.4% during the 3rd quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company's stock valued at $35,592,000 after purchasing an additional 555,789 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Tetra Tech by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 37,078 shares of the industrial products company's stock valued at $1,477,000 after purchasing an additional 648 shares during the last quarter. Define Financial LLC bought a new stake in Tetra Tech during the fourth quarter worth approximately $412,000. Radnor Capital Management LLC grew its position in Tetra Tech by 11.8% in the fourth quarter. Radnor Capital Management LLC now owns 8,025 shares of the industrial products company's stock worth $320,000 after buying an additional 850 shares during the last quarter. Finally, Argent Capital Management LLC increased its holdings in shares of Tetra Tech by 9.5% in the fourth quarter. Argent Capital Management LLC now owns 62,758 shares of the industrial products company's stock valued at $2,500,000 after buying an additional 5,452 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 0.5%

Shares of TTEK stock traded up $0.19 on Friday, reaching $35.37. 1,709,154 shares of the company's stock traded hands, compared to its average volume of 2,059,843. The company has a market capitalization of $9.48 billion, a P/E ratio of 37.15 and a beta of 0.92. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. 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 business's 50 day moving average price is $30.52 and its two-hundred day moving average price is $36.11.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.28 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, May 23rd will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, May 23rd. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is currently 37.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TTEK shares. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp increased their price target on 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 boosted their price objective on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.15.

About Tetra Tech

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.