Xponance Inc. Increases Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Xponance Inc. lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,677 shares of the industrial products company’s stock after buying an additional 674 shares during the period. Xponance Inc.’s holdings in Tetra Tech were worth $1,278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Chilton Capital Management LLC purchased a new position in shares of Tetra Tech during the 1st quarter valued at about $25,000. Jones Financial Companies Lllp increased its stake in Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 495 shares during the period. Caption Management LLC purchased a new position in Tetra Tech in the 4th quarter worth approximately $40,000. Edmond DE Rothschild Holding S.A. purchased a new position in Tetra Tech in the 4th quarter worth approximately $63,000. Finally, Johnson Financial Group Inc. purchased a new position in Tetra Tech in the 4th quarter worth approximately $61,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK opened at $36.66 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.10 and a current ratio of 1.10. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The stock has a market capitalization of $9.66 billion, a PE ratio of 53.29 and a beta of 0.94. The stock’s 50 day moving average price is $35.57 and its 200-day moving average price is $33.81.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.065 per share. The ex-dividend date was Friday, May 23rd. This is a boost from Tetra Tech’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.71%. Tetra Tech’s payout ratio is 37.68%.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of analyst reports. Maxim Group cut Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Finally, KeyCorp lifted their price target on Tetra Tech from $34.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Company Profile

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.