American Century Companies Inc. bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,855 shares of the industrial products company’s stock, valued at approximately $680,000.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Tetra Tech by 12,066.6% in the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after buying an additional 8,068,959 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tetra Tech by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,212,870 shares of the industrial products company’s stock valued at $212,946,000 after buying an additional 302,821 shares in the last quarter. State Street Corp boosted its holdings in shares of Tetra Tech by 6.8% in the 1st quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock valued at $58,339,000 after buying an additional 90,381 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Tetra Tech by 12.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock valued at $57,470,000 after buying an additional 134,770 shares in the last quarter. Finally, KAMES CAPITAL plc boosted its holdings in shares of Tetra Tech by 6.1% in the 2nd quarter. KAMES CAPITAL plc now owns 1,113,331 shares of the industrial products company’s stock valued at $50,879,000 after buying an additional 64,256 shares in the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/09/19/american-century-companies-inc-invests-680000-in-tetra-tech-inc-ttek.html.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) opened at 43.20 on Tuesday. The firm has a market cap of $2.44 billion, a PE ratio of 21.90 and a beta of 1.05. The company’s 50-day moving average is $42.41 and its 200-day moving average is $43.58. Tetra Tech, Inc. has a 52 week low of $34.78 and a 52 week high of $48.35.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $498.47 million during 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 period in the prior year, the firm earned $0.50 EPS. Analysts forecast that Tetra Tech, Inc. will post $2.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Tuesday, August 15th. Tetra Tech’s dividend payout ratio is presently 20.30%.
Several brokerages have recently issued reports on TTEK. Roth Capital set a $52.00 target price on shares of Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research note on Tuesday, September 5th. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research note on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.50.
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.
Receive News & Ratings for Tetra Tech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech Inc. and related companies with MarketBeat.com's FREE daily email newsletter.