Whittier Trust Co. of Nevada Inc. held its position in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the industrial products company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Tetra Tech were worth $114,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Boston Advisors LLC boosted its position in Tetra Tech by 147.1% in the first quarter. Boston Advisors LLC now owns 14,355 shares of the industrial products company’s stock worth $586,000 after buying an additional 8,545 shares in the last quarter. SFE Investment Counsel boosted its position in Tetra Tech by 3.1% in the first quarter. SFE Investment Counsel now owns 33,326 shares of the industrial products company’s stock worth $1,361,000 after buying an additional 1,006 shares in the last quarter. Legato Capital Management LLC boosted its position in Tetra Tech by 3,985.0% in the first quarter. Legato Capital Management LLC now owns 68,015 shares of the industrial products company’s stock worth $1,665,000 after buying an additional 66,350 shares in the last quarter. Louisiana State Employees Retirement System boosted its position 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 in the last quarter. Finally, First National Bank of Omaha boosted its position 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 valued at $1,175,000 after buying an additional 6,775 shares during the period. Hedge funds and other institutional investors own 85.33% of the company’s stock.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up 0.50% during trading on Friday, reaching $40.45. The company had a trading volume of 317,283 shares. The stock has a 50 day moving average price of $44.78 and a 200 day moving average price of $43.48. Tetra Tech, Inc. has a 12 month low of $33.55 and a 12 month high of $48.35. The firm has a market capitalization of $2.29 billion, a PE ratio of 20.50 and a beta of 1.03.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The firm had revenue of $498.47 million for the quarter, compared to analyst estimates of $535.18 million. During the same period in the previous year, the business posted $0.50 EPS. Tetra Tech’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts forecast that Tetra Tech, Inc. will post $2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Tuesday, August 15th. Tetra Tech’s payout ratio is presently 20.30%.
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Several equities analysts have recently commented on TTEK shares. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 target price on shares of Tetra Tech in a research note on Friday, July 7th. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Sidoti reiterated a “buy” rating and set a $58.00 target price (up from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.75.
In other news, CFO Steven M. Burdick sold 16,750 shares of Tetra Tech stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.80% of the stock is currently owned by company insiders.
About Tetra Tech
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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