Swiss National Bank Has $4.40 Million Holdings in Tetra Tech, Inc. (TTEK)
Swiss National Bank raised its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,200 shares of the industrial products company’s stock after purchasing an additional 1,800 shares during the period. Swiss National Bank owned about 0.17% of Tetra Tech worth $4,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Pacad Investment Ltd. raised its position in Tetra Tech by 333.3% in the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 4,000 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in Tetra Tech in the 2nd quarter valued at about $1,003,000. Principal Financial Group Inc. raised its position in Tetra Tech by 5.5% in the 2nd quarter. Principal Financial Group Inc. now owns 557,669 shares of the industrial products company’s stock valued at $25,514,000 after purchasing an additional 29,200 shares in the last quarter. GHP Investment Advisors Inc. raised its position in Tetra Tech by 11.6% in the 2nd quarter. GHP Investment Advisors Inc. now owns 60,180 shares of the industrial products company’s stock valued at $2,753,000 after purchasing an additional 6,265 shares in the last quarter. Finally, Bridge City Capital LLC acquired a new stake in Tetra Tech in the 2nd quarter valued at about $1,517,000. 84.77% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on TTEK. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Robert W. Baird reissued a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.50.
Shares of Tetra Tech, Inc. (TTEK) opened at 44.15 on Friday. The stock’s 50 day moving average price is $42.29 and its 200 day moving average price is $43.60. Tetra Tech, Inc. has a 12 month low of $34.78 and a 12 month high of $48.35. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 22.38 and a beta of 1.05.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities research analysts predict that Tetra Tech, Inc. will post $2.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Tuesday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is 20.30%.
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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.
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