Massmutual Trust Co. FSB ADV Raises Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Massmutual Trust Co. FSB ADV lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 30.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289 shares of the industrial products company’s stock after buying an additional 67 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Tetra Tech were worth $44,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TTEK. Raymond James & Associates increased its stake in Tetra Tech by 6.7% in the 1st quarter. Raymond James & Associates now owns 22,259 shares of the industrial products company’s stock valued at $3,671,000 after purchasing an additional 1,395 shares in the last quarter. American Century Companies Inc. increased its stake in Tetra Tech by 20.0% in the 1st quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 529 shares in the last quarter. US Bancorp DE increased its stake in Tetra Tech by 4.2% in the 1st quarter. US Bancorp DE now owns 2,170 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 87 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Tetra Tech during the 1st quarter valued at $421,000. Finally, Bank of Montreal Can grew its holdings in Tetra Tech by 8.2% during the 1st quarter. Bank of Montreal Can now owns 6,868 shares of the industrial products company’s stock valued at $1,163,000 after buying an additional 522 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Up 0.8 %

Shares of NASDAQ TTEK traded up $1.37 during midday trading on Friday, reaching $165.10. 282,179 shares of the company’s stock were exchanged, compared to its average volume of 301,421. Tetra Tech, Inc. has a 52-week low of $131.19 and a 52-week high of $173.27. The stock has a market capitalization of $8.75 billion, a PE ratio of 32.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.13. The business’s fifty day moving average price is $155.50 and its two-hundred day moving average price is $157.09.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 15th. The industrial products company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.34. Tetra Tech had a return on equity of 21.63% and a net margin of 6.05%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. Analysts forecast that Tetra Tech, Inc. will post 5.94 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s payout ratio is 20.39%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TTEK. Royal Bank of Canada began coverage on Tetra Tech in a report on Monday, August 28th. They set an “outperform” rating and a $181.00 price objective on the stock. Maxim Group raised their price objective on Tetra Tech from $200.00 to $215.00 in a report on Friday, August 11th. StockNews.com began coverage on Tetra Tech in a report on Thursday, October 5th. They set a “hold” rating on the stock. KeyCorp raised their price objective on Tetra Tech from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Finally, William Blair began coverage on Tetra Tech in a report on Wednesday, September 13th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. The company operates through two segments Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.