Arizona State Retirement System maintained its position in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,823 shares of the industrial products company’s stock at the end of the second quarter. Arizona State Retirement System owned 0.05% of Tetra Tech worth $1,364,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position 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 valued at $4,561,000 after buying an additional 2,399 shares during the last quarter. Bank of Montreal Can boosted its position 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 valued at $389,000 after buying an additional 2,063 shares during 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 valued at $952,000 after buying an additional 400 shares during the last quarter. 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 valued at $586,000 after buying an additional 8,545 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted 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 during the last quarter. 85.33% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech, Inc. (NASDAQ:TTEK) opened at 40.55 on Friday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 20.55 and a beta of 1.03. The stock’s 50 day moving average is $44.07 and its 200 day moving average is $43.43. Tetra Tech, Inc. has a 52-week low of $34.07 and a 52-week high of $48.35.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by $0.01. The firm had revenue of $498.47 million during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.50 earnings per share. Equities research analysts forecast that Tetra Tech, Inc. will post $2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 annualized dividend and a yield of 0.99%. Tetra Tech’s dividend payout ratio is presently 20.30%.

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TTEK has been the topic of several research analyst reports. Sidoti reissued a “buy” rating and set a $58.00 target price (up previously from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Wednesday, June 7th. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $50.00 target price on shares of Tetra Tech in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Tetra Tech currently has an average rating of “Hold” and an average target price of $49.75.

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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