Rothschild Asset Management Inc. decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,051 shares of the industrial products company’s stock after selling 2,068 shares during the period. Rothschild Asset Management Inc. owned 0.06% of Tetra Tech worth $1,649,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in Tetra Tech by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 105,706 shares of the industrial products company’s stock worth $4,561,000 after buying an additional 2,399 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Tetra Tech during the fourth quarter worth about $412,000. Bank of Montreal Can increased its stake in Tetra Tech by 27.7% in the first quarter. Bank of Montreal Can now owns 9,502 shares of the industrial products company’s stock worth $389,000 after buying an additional 2,063 shares during the last quarter. First National Bank of Omaha increased its stake in Tetra Tech by 30.8% in the first quarter. First National Bank of Omaha now owns 28,776 shares of the industrial products company’s stock worth $1,175,000 after buying an additional 6,775 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Tetra Tech by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock worth $952,000 after buying an additional 400 shares during the last quarter. Institutional investors own 85.33% of the company’s stock.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) traded up 0.50% on Friday, hitting $40.45. The company had a trading volume of 317,283 shares. Tetra Tech, Inc. has a 12 month low of $33.55 and a 12 month high of $48.35. The company has a 50-day moving average of $44.78 and a 200 day moving average of $43.48. The stock has a market cap of $2.29 billion, a PE ratio of 20.50 and a beta of 1.03.
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 for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.50 earnings per share. Analysts anticipate that Tetra Tech, Inc. will post $2.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, August 15th. Tetra Tech’s payout ratio is 20.30%.
A number of equities research analysts have recently issued reports on TTEK shares. Sidoti reiterated a “buy” rating and set a $58.00 price target (up from $55.00) on shares of Tetra Tech in a research report on Sunday, May 14th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus restated a “hold” rating and set a $50.00 price objective on shares of Tetra Tech in a research report on Friday, July 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tetra Tech presently has a consensus rating of “Hold” and a consensus price target of $49.75.
In related news, CFO Steven M. Burdick sold 16,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.80% of the company’s stock.
Tetra Tech Company 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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