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

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SG Americas Securities LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 11.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 77,291 shares of the industrial products company’s stock after buying an additional 7,868 shares during the period. SG Americas Securities LLC’s holdings in Tetra Tech were worth $4,606,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTEK. Resources Investment Advisors Inc. acquired a new position in shares of Tetra Tech during the 4th quarter worth approximately $31,000. Enlightenment Research LLC acquired a new position in shares of Tetra Tech during the 4th quarter worth approximately $31,000. Quantamental Technologies LLC acquired a new position in shares of Tetra Tech during the 4th quarter worth approximately $44,000. Meeder Asset Management Inc. acquired a new position in shares of Tetra Tech during the 4th quarter worth approximately $66,000. Finally, Private Capital Group LLC grew its position in shares of Tetra Tech by 39.3% during the 4th quarter. Private Capital Group LLC now owns 2,792 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 787 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

A number of research analysts have issued reports on TTEK shares. ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Maxim Group reissued a “buy” rating and issued a $87.00 price objective on shares of Tetra Tech in a research note on Friday, January 11th. BidaskClub downgraded shares of Tetra Tech from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 19th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Saturday, January 5th. Finally, Roth Capital dropped their price objective on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.83.

In other news, Director Albert E. Smith sold 4,200 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $64.00, for a total transaction of $268,800.00. Following the completion of the transaction, the director now owns 47,358 shares of the company’s stock, valued at $3,030,912. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert E. Smith sold 12,600 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.00, for a total transaction of $756,000.00. Following the transaction, the director now directly owns 47,358 shares of the company’s stock, valued at approximately $2,841,480. The disclosure for this sale can be found here. Insiders have sold 73,759 shares of company stock valued at $4,369,972 in the last ninety days. Insiders own 3.00% of the company’s stock.

Shares of NASDAQ:TTEK opened at $67.59 on Friday. The company has a market capitalization of $3.57 billion, a P/E ratio of 25.60, a P/E/G ratio of 1.46 and a beta of 1.18. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.26. Tetra Tech, Inc. has a one year low of $46.30 and a one year high of $72.56.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.06. The firm had revenue of $585.40 million during the quarter, compared to the consensus estimate of $552.65 million. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, research analysts forecast that Tetra Tech, Inc. will post 2.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.12. Tetra Tech’s dividend payout ratio (DPR) is presently 18.18%.

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Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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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