KBC Group NV Buys Shares of 1,000 Tetra Tech, Inc. (NASDAQ:TTEK)

KBC Group NV acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the industrial products company’s stock, valued at approximately $167,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Tetra Tech by 29.9% during the 3rd quarter. Van ECK Associates Corp now owns 28,424 shares of the industrial products company’s stock worth $4,321,000 after acquiring an additional 6,547 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Tetra Tech by 3.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 6,874 shares of the industrial products company’s stock valued at $1,045,000 after buying an additional 236 shares in the last quarter. Pathstone Family Office LLC grew its position in Tetra Tech by 10.0% in the 3rd quarter. Pathstone Family Office LLC now owns 7,583 shares of the industrial products company’s stock valued at $1,233,000 after buying an additional 692 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in shares of Tetra Tech by 2.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 4,320 shares of the industrial products company’s stock worth $654,000 after buying an additional 86 shares in the last quarter. Finally, Sonen Capital LLC lifted its stake in shares of Tetra Tech by 21.1% in the 3rd quarter. Sonen Capital LLC now owns 2,619 shares of the industrial products company’s stock worth $398,000 after acquiring an additional 457 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Maxim Group boosted their target price on Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Robert W. Baird boosted their price objective on Tetra Tech from $200.00 to $223.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a report on Thursday, May 2nd. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, KeyCorp boosted their target price on Tetra Tech from $231.00 to $234.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $236.60.

Check Out Our Latest Stock Report on Tetra Tech

Tetra Tech Price Performance

NASDAQ TTEK opened at $205.01 on Tuesday. The firm has a market cap of $10.97 billion, a P/E ratio of 41.50 and a beta of 0.98. The stock’s 50-day moving average is $202.70 and its two-hundred day moving average is $182.23. Tetra Tech, Inc. has a fifty-two week low of $143.35 and a fifty-two week high of $221.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.24 and a quick ratio of 1.24.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. On average, analysts anticipate that Tetra Tech, Inc. will post 6.2 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.57%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s dividend payout ratio (DPR) is currently 23.48%.

Tetra Tech Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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