First Mercantile Trust Co. reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 7.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,172 shares of the industrial products company’s stock after selling 470 shares during the quarter. First Mercantile Trust Co.’s holdings in Tetra Tech were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Advisers LP boosted its stake in Tetra Tech by 48.6% in the 4th quarter. Two Sigma Advisers LP now owns 63,775 shares of the industrial products company’s stock valued at $3,302,000 after purchasing an additional 20,868 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tetra Tech by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,847 shares of the industrial products company’s stock valued at $199,000 after acquiring an additional 387 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Tetra Tech by 256.8% in the 4th quarter. Squarepoint Ops LLC now owns 61,219 shares of the industrial products company’s stock valued at $3,169,000 after acquiring an additional 44,059 shares in the last quarter. Nordea Investment Management AB raised its holdings in Tetra Tech by 5.2% in the 4th quarter. Nordea Investment Management AB now owns 70,204 shares of the industrial products company’s stock valued at $3,634,000 after acquiring an additional 3,447 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Tetra Tech by 117.8% in the 4th quarter. Citigroup Inc. now owns 76,106 shares of the industrial products company’s stock valued at $3,940,000 after acquiring an additional 41,170 shares in the last quarter. Institutional investors own 90.37% of the company’s stock.

Shares of NASDAQ TTEK opened at $66.85 on Thursday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.45 and a beta of 1.18. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. Tetra Tech, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $72.56.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The firm had revenue of $585.40 million during the quarter, compared to analysts’ expectations of $552.65 million. Tetra Tech had a return on equity of 16.71% and a net margin of 5.44%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 3.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.12. Tetra Tech’s payout ratio is 18.18%.

In other news, SVP Craig L. Christensen sold 624 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $65.00, for a total transaction of $40,560.00. Following the completion of the transaction, the senior vice president now owns 34,317 shares of the company’s stock, valued at approximately $2,230,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Albert E. Smith sold 4,200 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $64.00, for a total value of $268,800.00. Following the transaction, the director now directly owns 47,358 shares of the company’s stock, valued at approximately $3,030,912. The disclosure for this sale can be found here. Insiders have sold a total of 62,497 shares of company stock valued at $3,751,070 in the last three months. 3.00% of the stock is owned by insiders.

Several brokerages have weighed in on TTEK. Roth Capital lifted their price objective on Tetra Tech from $66.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 6th. BidaskClub raised Tetra Tech from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. Sidoti began coverage on Tetra Tech in a report on Tuesday, April 9th. They issued a “buy” rating for the company. ValuEngine raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Buy” and a consensus target price of $76.83.

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About Tetra Tech

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

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