GHP Investment Advisors Inc. raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 92,317 shares of the industrial products company’s stock after acquiring an additional 3,294 shares during the period. Tetra Tech makes up approximately 0.8% of GHP Investment Advisors Inc.’s portfolio, making the stock its 28th biggest position. GHP Investment Advisors Inc.’s holdings in Tetra Tech were worth $5,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of TTEK. BlackRock Inc. grew its holdings in shares of Tetra Tech by 9.2% during the 2nd quarter. BlackRock Inc. now owns 8,166,363 shares of the industrial products company’s stock worth $477,733,000 after purchasing an additional 691,409 shares during the period. KAMES CAPITAL plc grew its holdings in shares of Tetra Tech by 4.2% during the 2nd quarter. KAMES CAPITAL plc now owns 1,443,437 shares of the industrial products company’s stock worth $84,441,000 after purchasing an additional 57,985 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Tetra Tech by 4,393.8% during the 1st quarter. Summit Trail Advisors LLC now owns 1,439,395 shares of the industrial products company’s stock worth $1,439,000 after purchasing an additional 1,407,364 shares during the period. Boston Partners grew its holdings in shares of Tetra Tech by 0.4% during the 2nd quarter. Boston Partners now owns 1,054,385 shares of the industrial products company’s stock worth $61,682,000 after purchasing an additional 4,525 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of Tetra Tech by 11.4% during the 2nd quarter. Macquarie Group Ltd. now owns 915,860 shares of the industrial products company’s stock worth $53,578,000 after purchasing an additional 93,785 shares during the period. Institutional investors own 85.62% of the company’s stock.

In related news, SVP Jan K. Auman sold 1,979 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $68.70, for a total transaction of $135,957.30. Following the transaction, the senior vice president now directly owns 9,032 shares of the company’s stock, valued at approximately $620,498.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

A number of brokerages have recently issued reports on TTEK. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 8th. Roth Capital boosted their target price on Tetra Tech from $59.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Zacks Investment Research upgraded Tetra Tech from a “sell” rating to a “buy” rating and set a $74.00 target price for the company in a report on Monday, August 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $73.00 target price (up previously from $60.00) on shares of Tetra Tech in a report on Thursday, August 2nd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.00.

Tetra Tech stock opened at $71.10 on Tuesday. The company has a market cap of $3.90 billion, a P/E ratio of 33.45, a P/E/G ratio of 1.90 and a beta of 1.03. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.45. Tetra Tech, Inc. has a one year low of $42.85 and a one year high of $72.20.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $761.50 million for the quarter, compared to analyst estimates of $540.99 million. Tetra Tech had a return on equity of 15.31% and a net margin of 4.82%. Tetra Tech’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. sell-side analysts expect that Tetra Tech, Inc. will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Thursday, August 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is presently 22.54%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI 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.

Further Reading: Understanding Relative Strength Index

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

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