Rathbone Brothers plc increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,345 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Rathbone Brothers plc owned 0.06% of Tetra Tech worth $1,480,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of TTEK. Bank of Montreal Can increased its position in Tetra Tech by 27.7% during the 1st quarter. Bank of Montreal Can now owns 9,502 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 2,063 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Tetra Tech by 6.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 79,349 shares of the industrial products company’s stock worth $3,241,000 after acquiring an additional 5,060 shares during the period. Henderson Group PLC purchased a new position in Tetra Tech in the 1st quarter worth approximately $2,130,000. US Bancorp DE boosted its holdings in Tetra Tech by 69.9% in the 1st quarter. US Bancorp DE now owns 5,416 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 2,228 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Tetra Tech by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 910,252 shares of the industrial products company’s stock worth $37,183,000 after acquiring an additional 13,360 shares during the period. 84.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) traded down 0.058% during midday trading on Friday, reaching $42.875. The company’s stock had a trading volume of 179,193 shares. Tetra Tech, Inc. has a 52-week low of $34.78 and a 52-week high of $48.35. The stock has a 50 day moving average price of $42.63 and a 200-day moving average price of $43.52. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 21.731 and a beta of 1.05.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. Equities research analysts expect that Tetra Tech, Inc. will post $2.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, August 15th. Tetra Tech’s dividend payout ratio is presently 20.30%.
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Several equities analysts have recently commented on TTEK shares. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Stifel Nicolaus reiterated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research note on Thursday, September 7th. BidaskClub cut Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.50.
Tetra Tech Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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