GHP Investment Advisors Inc. boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,306 shares of the industrial products company’s stock after buying an additional 242 shares during the quarter. Tetra Tech comprises 1.0% of GHP Investment Advisors Inc.’s portfolio, making the stock its 20th biggest holding. GHP Investment Advisors Inc. owned 0.20% of Tetra Tech worth $8,586,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Tetra Tech by 13.3% in the fourth quarter. Geode Capital Management LLC now owns 680,579 shares of the industrial products company’s stock valued at $35,233,000 after acquiring an additional 79,944 shares during the period. Strs Ohio increased its position in shares of Tetra Tech by 13.7% in the first quarter. Strs Ohio now owns 8,300 shares of the industrial products company’s stock valued at $494,000 after buying an additional 1,000 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of Tetra Tech in the first quarter valued at approximately $22,608,000. Virginia Retirement Systems ET AL increased its position in shares of Tetra Tech by 2.0% in the first quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the industrial products company’s stock valued at $912,000 after buying an additional 300 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Tetra Tech by 383.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 77,526 shares of the industrial products company’s stock valued at $4,620,000 after buying an additional 61,495 shares in the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tetra Tech stock traded up $2.08 on Friday, reaching $80.24. The company’s stock had a trading volume of 280,500 shares, compared to its average volume of 1,130,123. The company has a market capitalization of $4.22 billion, a P/E ratio of 30.39, a PEG ratio of 1.59 and a beta of 1.11. Tetra Tech, Inc. has a 52-week low of $48.52 and a 52-week high of $86.56. The stock has a 50-day moving average price of $81.12 and a 200-day moving average price of $67.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.32.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.09. Tetra Tech had a return on equity of 17.36% and a net margin of 5.85%. The firm had revenue of $623.20 million during the quarter, compared to analysts’ expectations of $605.42 million. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Tetra Tech, Inc. will post 3.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, August 13th. Tetra Tech’s payout ratio is 22.73%.
In related news, CEO Dan L. Batrack sold 95,109 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $72.49, for a total transaction of $6,894,451.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark A. Rynning sold 1,395 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $72.31, for a total value of $100,872.45. Following the sale, the senior vice president now owns 3,599 shares of the company’s stock, valued at $260,243.69. The disclosure for this sale can be found here. Insiders have sold 121,454 shares of company stock valued at $8,940,612 over the last quarter. 3.00% of the stock is owned by company insiders.
A number of research firms have recently commented on TTEK. Maxim Group restated a “buy” rating and issued a $87.00 price objective on shares of Tetra Tech in a research report on Wednesday, April 24th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Friday, May 3rd. Boenning Scattergood restated a “buy” rating and issued a $80.00 price objective on shares of Tetra Tech in a research report on Thursday, May 2nd. Roth Capital boosted their price objective on Tetra Tech from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, ValuEngine upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Tetra Tech currently has an average rating of “Buy” and an average price target of $79.40.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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