UMB Bank n.a. lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 114.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,891 shares of the industrial products company’s stock after acquiring an additional 1,544 shares during the quarter. UMB Bank n.a.’s holdings in Tetra Tech were worth $85,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Planning Inc acquired a new position in Tetra Tech during the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its position in shares of 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 valued at $40,000 after acquiring an additional 495 shares during the period. Caption Management LLC acquired a new position in shares of Tetra Tech during the 4th quarter worth about $40,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Tetra Tech by 734.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,483 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares during the period. Institutional investors own 93.89% of the company’s stock.
Tetra Tech Stock Performance
Shares of Tetra Tech stock opened at $36.25 on Friday. The company’s 50 day moving average price is $32.93 and its two-hundred day moving average price is $34.71. The firm has a market capitalization of $9.55 billion, a P/E ratio of 38.08 and a beta of 0.95. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.
Tetra Tech Increases Dividend
The firm also recently declared 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 of this dividend was Friday, May 23rd. This represents a $0.26 annualized dividend and a dividend yield of 0.72%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.06. Tetra Tech’s dividend payout ratio (DPR) is presently 37.68%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Tetra Tech from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Maxim Group lowered shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, KeyCorp raised their target price on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of “Hold” and a consensus target price of $41.00.
Read Our Latest Stock Analysis on Tetra Tech
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.
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