Eaton Vance Management increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,320 shares of the industrial products company’s stock after buying an additional 47 shares during the period. Eaton Vance Management owned about 0.26% of Tetra Tech worth $6,740,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in Tetra Tech during the first quarter worth approximately $185,000. LS Investment Advisors LLC increased its position in Tetra Tech by 117.6% during the first quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 2,633 shares during the last quarter. Strs Ohio increased its position in Tetra Tech by 45.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in Tetra Tech during the second quarter worth approximately $206,000. Finally, Teacher Retirement System of Texas acquired a new position in Tetra Tech during the second quarter worth approximately $210,000. 84.78% of the stock is owned by institutional investors and hedge funds.
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Tetra Tech, Inc. (NASDAQ TTEK) opened at 42.90 on Friday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 21.74 and a beta of 1.05. Tetra Tech, Inc. has a 12 month low of $34.78 and a 12 month high of $48.35. The company’s 50-day moving average is $42.63 and its 200 day moving average is $43.52.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly 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 company had revenue of $498.47 million for the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business’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. On average, equities research analysts predict that Tetra Tech, Inc. will post $2.11 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Tuesday, August 15th. Tetra Tech’s dividend payout ratio is currently 20.30%.
Several brokerages recently commented on TTEK. Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Tuesday, September 5th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, August 4th. Finally, BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Hold” and a consensus price target of $49.50.
About Tetra Tech
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.
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