Vanguard Group Inc. raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,212,870 shares of the industrial products company’s stock after buying an additional 302,821 shares during the period. Vanguard Group Inc. owned about 9.09% of Tetra Tech worth $212,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in Tetra Tech during the first quarter valued at $185,000. LS Investment Advisors LLC raised its position in Tetra Tech by 117.6% in the first quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock valued at $199,000 after buying an additional 2,633 shares in the last quarter. US Bancorp DE raised its position in Tetra Tech by 69.9% in the first quarter. US Bancorp DE now owns 5,416 shares of the industrial products company’s stock valued at $221,000 after buying an additional 2,228 shares in the last quarter. Cim Investment Mangement Inc. purchased a new position in Tetra Tech during the first quarter valued at approximately $249,000. Finally, State of Alaska Department of Revenue raised its position in Tetra Tech by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the industrial products company’s stock valued at $258,000 after buying an additional 110 shares in the last quarter. 84.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up 1.54% during midday trading on Tuesday, reaching $42.95. The company’s stock had a trading volume of 347,254 shares. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 22.66 and a beta of 1.03. Tetra Tech, Inc. has a 12 month low of $33.34 and a 12 month high of $48.35. The company has a 50-day moving average price of $46.02 and a 200-day moving average price of $43.57.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results 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. The company had revenue of $498.47 million during the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. Tetra Tech’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share. Equities analysts expect that Tetra Tech, Inc. will post $2.17 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.93%. The ex-dividend date is Tuesday, August 15th. Tetra Tech’s dividend payout ratio is 20.30%.

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TTEK has been the subject of several recent research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Tetra Tech in a report on Friday, July 7th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating on shares of Tetra Tech in a report on Friday. BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tetra Tech currently has a consensus rating of “Hold” and an average target price of $49.75.

In related news, CFO Steven M. Burdick sold 16,750 shares of Tetra Tech stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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