Rice Hall James & Associates LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 12.0% during the second quarter, Holdings Channel reports. The firm owned 1,256,181 shares of the industrial products company’s stock after buying an additional 134,770 shares during the period. Tetra Tech accounts for 2.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 2nd largest position. Rice Hall James & Associates LLC’s holdings in Tetra Tech were worth $57,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTEK. BlackRock Inc. boosted its position in shares of Tetra Tech by 12,066.6% in the first quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after buying an additional 8,068,959 shares during the period. Bank of America Corp DE boosted its position in shares of Tetra Tech by 33.1% in the first quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock valued at $8,936,000 after buying an additional 54,438 shares during the period. Independent Portfolio Consultants Inc. boosted its position in shares of Tetra Tech by 4.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 18,315 shares of the industrial products company’s stock valued at $748,000 after buying an additional 720 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Tetra Tech by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 427,371 shares of the industrial products company’s stock valued at $17,459,000 after buying an additional 9,384 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of Tetra Tech by 7.5% in the first quarter. Mason Street Advisors LLC now owns 13,403 shares of the industrial products company’s stock valued at $548,000 after buying an additional 934 shares during the period. 84.96% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech, Inc. (NASDAQ:TTEK) opened at 40.80 on Friday. The firm’s 50-day moving average price is $45.60 and its 200 day moving average price is $43.58. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.68 and a beta of 1.03. Tetra Tech, Inc. has a 1-year low of $33.55 and a 1-year high of $48.35.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.01. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. Tetra Tech’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that Tetra Tech, Inc. will post $2.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, August 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. Tetra Tech’s dividend payout ratio is currently 20.30%.

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TTEK has been the subject of several research reports. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Tetra Tech in a research report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 target price on shares of Tetra Tech in a research report on Friday, July 7th. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Sidoti reaffirmed a “buy” rating and issued a $58.00 target price (up from $55.00) on shares of Tetra Tech in a research report on Sunday, May 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.75.

In related news, CFO Steven M. Burdick sold 16,750 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.

About Tetra Tech

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

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