KBC Group NV Makes New Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

KBC Group NV bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,000 shares of the industrial products company’s stock, valued at approximately $167,000.

A number of other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in Tetra Tech by 10.7% during the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company’s stock valued at $4,077,000 after buying an additional 2,593 shares during the period. Retirement Systems of Alabama grew its stake in shares of Tetra Tech by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company’s stock worth $12,921,000 after buying an additional 205 shares during the last quarter. WCM Investment Management LLC increased its position in Tetra Tech by 2.5% during the 4th quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock valued at $57,127,000 after buying an additional 8,394 shares in the last quarter. Jump Financial LLC raised its stake in Tetra Tech by 743.1% during the fourth quarter. Jump Financial LLC now owns 22,232 shares of the industrial products company’s stock valued at $3,711,000 after buying an additional 19,595 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in Tetra Tech by 1,054.4% in the fourth quarter. Spire Wealth Management now owns 22,650 shares of the industrial products company’s stock worth $3,706,000 after acquiring an additional 20,688 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Up 0.7 %

NASDAQ:TTEK opened at $205.01 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60. Tetra Tech, Inc. has a 12 month low of $143.35 and a 12 month high of $221.40. The company has a market cap of $10.97 billion, a PE ratio of 41.50 and a beta of 0.98. The company has a 50 day simple moving average of $202.70 and a two-hundred day simple moving average of $182.23.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.17 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Research analysts forecast that Tetra Tech, Inc. will post 6.2 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, May 17th. This is a boost from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s dividend payout ratio is 23.48%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TTEK shares. KeyCorp lifted their price target on Tetra Tech from $231.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Maxim Group upped their target price on shares of Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Royal Bank of Canada upped their price objective on Tetra Tech from $203.00 to $233.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.60.

View Our Latest Analysis on Tetra Tech

About Tetra Tech

(Free Report)

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. 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.

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

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