Trade Report: Today, Tetra Tech Inc. (TTEK) Position Boosted by Macquarie Group Ltd.

Today, Tetra Tech Inc. (TTEK) Position Boosted by Macquarie Group Ltd.

Macquarie Group Ltd. boosted its stake in shares of Tetra Tech Inc. (NASDAQ:TTEK) by 30.2% during the second quarter, Holdings Channel reports. The fund owned 693,598 shares of the company’s stock after buying an additional 160,774 shares during the period. Macquarie Group Ltd.’s holdings in Tetra Tech were worth $21,325,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Tetra Tech by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,628,608 shares of the company’s stock valued at $142,306,000 after buying an additional 204,488 shares during the last quarter. BlackRock Fund Advisors increased its stake in Tetra Tech by 1.0% in the second quarter. BlackRock Fund Advisors now owns 3,806,045 shares of the company’s stock valued at $117,017,000 after buying an additional 37,428 shares during the last quarter. LSV Asset Management increased its stake in Tetra Tech by 270.4% in the second quarter. LSV Asset Management now owns 1,749,850 shares of the company’s stock valued at $53,799,000 after buying an additional 1,277,487 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Tetra Tech by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,616,278 shares of the company’s stock valued at $49,692,000 after buying an additional 53,030 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Tetra Tech by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 1,119,872 shares of the company’s stock valued at $34,430,000 after buying an additional 10,126 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Inc. (NASDAQ:TTEK) traded up 1.96% on Friday, reaching $44.15. The company’s stock had a trading volume of 248,966 shares. The firm has a market capitalization of $2.52 billion, a P/E ratio of 31.09 and a beta of 1.09. The firm has a 50-day moving average price of $38.93 and a 200 day moving average price of $34.11. Tetra Tech Inc. has a 52-week low of $22.85 and a 52-week high of $44.25.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.01. Tetra Tech had a return on equity of 12.80% and a net margin of 3.24%. The business had revenue of $530.90 million for the quarter, compared to analysts’ expectations of $524.56 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Tetra Tech’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts anticipate that Tetra Tech Inc. will post $2.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. Tetra Tech’s payout ratio is 25.35%.

Several equities research analysts have recently weighed in on TTEK shares. FBR & Co increased their price objective on Tetra Tech from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Tuesday, October 4th. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research note on Friday, October 7th. Canaccord Genuity restated a “buy” rating and set a $37.00 price target on shares of Tetra Tech in a research note on Friday, July 29th. Finally, DA Davidson restated a “hold” rating and set a $35.00 price target on shares of Tetra Tech in a research note on Wednesday, November 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Tetra Tech currently has a consensus rating of “Buy” and a consensus price target of $34.50.

In other news, SVP Brian N. Carter sold 5,000 shares of Tetra Tech stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $40.73, for a total value of $203,650.00. Following the completion of the transaction, the senior vice president now owns 14,148 shares in the company, valued at approximately $576,248.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin P. Mcdonald sold 5,500 shares of Tetra Tech stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $36.30, for a total value of $199,650.00. Following the completion of the transaction, the senior vice president now owns 19,613 shares of the company’s stock, valued at approximately $711,951.90. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Tetra Tech Company Profile

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.

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