Whittier Trust Co. held its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,270 shares of the industrial products company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Tetra Tech were worth $287,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of TTEK. BlackRock Inc. increased its position in shares of Tetra Tech by 12,066.6% in the first 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 during the period. KAMES CAPITAL plc increased its position in shares of Tetra Tech by 1,862.0% in the first quarter. KAMES CAPITAL plc now owns 1,049,075 shares of the industrial products company’s stock valued at $42,855,000 after buying an additional 995,604 shares during the period. RidgeWorth Capital Management LLC increased its position in shares of Tetra Tech by 32.5% in the first quarter. RidgeWorth Capital Management LLC now owns 1,398,176 shares of the industrial products company’s stock valued at $57,115,000 after buying an additional 343,222 shares during the period. Vanguard Group Inc. increased its position in shares of Tetra Tech by 6.2% in the first 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 during the period. Finally, Emerald Advisers Inc. PA increased its position in shares of Tetra Tech by 79.7% in the first quarter. Emerald Advisers Inc. PA now owns 653,361 shares of the industrial products company’s stock valued at $26,690,000 after buying an additional 289,780 shares during the period. 84.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up 2.45% during midday trading on Friday, hitting $41.80. 351,335 shares of the stock traded hands. The company has a market capitalization of $2.36 billion, a PE ratio of 21.19 and a beta of 1.03. Tetra Tech, Inc. has a 12-month low of $33.55 and a 12-month high of $48.35. The firm’s 50 day moving average price is $45.50 and its 200 day moving average price is $43.58.
Tetra Tech (NASDAQ:TTEK) last issued 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. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. Analysts expect that Tetra Tech, Inc. will post $2.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Tuesday, August 15th. Tetra Tech’s dividend payout ratio is 20.30%.
COPYRIGHT VIOLATION WARNING: “Whittier Trust Co. Has $287,000 Position in Tetra Tech, Inc. (TTEK)” was posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/08/12/tetra-tech-inc-ttek-stake-held-by-whittier-trust-co-updated-updated.html.
TTEK has been the topic of several analyst reports. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 price target on shares of Tetra Tech in a report on Friday, July 7th. Zacks Investment Research downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Canaccord Genuity restated a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Wednesday, June 7th. Finally, Sidoti restated a “buy” rating and issued a $58.00 price objective (up previously from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.75.
In other Tetra Tech news, CFO Steven M. Burdick sold 16,750 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total value of $751,572.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.
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.
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.