Captrust Financial Advisors Raises Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Captrust Financial Advisors grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 85.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Tetra Tech during the 4th quarter worth approximately $121,390,000. Bain Capital Public Equity Management II LLC boosted its position in shares of Tetra Tech by 149.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock worth $96,012,000 after purchasing an additional 1,443,939 shares during the last quarter. Capital International Investors bought a new position in shares of Tetra Tech in the 4th quarter worth $43,895,000. King Luther Capital Management Corp boosted its position in shares of Tetra Tech by 324.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock worth $50,927,000 after purchasing an additional 976,810 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Tetra Tech by 130.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company's stock worth $55,100,000 after acquiring an additional 783,736 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTEK has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a report on Friday, January 31st. KeyCorp boosted 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. Finally, Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Performance

TTEK stock traded up $0.19 on Friday, hitting $35.37. The company had a trading volume of 1,709,154 shares, compared to its average volume of 2,066,319. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 37.15 and a beta of 0.92. The stock's 50-day simple moving average is $30.64 and its 200 day simple moving average is $35.81.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results 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. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the previous year, the company earned $0.28 EPS. The firm's revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be paid a $0.065 dividend. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, May 23rd. Tetra Tech's payout ratio is currently 37.68%.

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.