SG Americas Securities LLC Increases Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

SG Americas Securities LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 259.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,406 shares of the industrial products company’s stock after purchasing an additional 33,491 shares during the quarter. SG Americas Securities LLC’s holdings in Tetra Tech were worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp raised its position in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after buying an additional 495 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Tetra Tech during the 4th quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Tetra Tech by 734.2% during 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 buying an additional 1,483 shares in the last quarter. Blue Trust Inc. raised its position in shares of Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after buying an additional 1,014 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Tetra Tech during the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Tetra Tech stock opened at $35.96 on Tuesday. 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, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The firm has a market capitalization of $9.48 billion, a P/E ratio of 37.77 and a beta of 0.95. The company’s 50-day moving average is $33.25 and its 200 day moving average is $34.54.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a $0.065 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, May 23rd. Tetra Tech’s dividend payout ratio is currently 37.68%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTEK. Maxim Group cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird upped their target price on shares of Tetra Tech from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, KeyCorp upped their target price on shares of Tetra Tech from $34.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech has a consensus 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.