26,850 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Crestline Management LP

Crestline Management LP acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,850 shares of the industrial products company's stock, valued at approximately $1,070,000.

Several other large investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its position in Tetra Tech by 10.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 332,487 shares of the industrial products company's stock worth $13,246,000 after purchasing an additional 32,202 shares in the last quarter. Caption Management LLC purchased a new position in shares of Tetra Tech during the fourth quarter worth $40,000. Captrust Financial Advisors grew its holdings in shares of Tetra Tech by 85.9% in the fourth quarter. Captrust Financial Advisors now owns 45,965 shares of the industrial products company's stock valued at $1,831,000 after purchasing an additional 21,241 shares in the last quarter. Bain Capital Public Equity Management II LLC increased its position in shares of Tetra Tech by 149.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock worth $96,012,000 after acquiring an additional 1,443,939 shares during the period. Finally, Bain Capital Public Equity LP boosted its holdings in Tetra Tech by 55.5% in the fourth quarter. Bain Capital Public Equity LP now owns 202,244 shares of the industrial products company's stock valued at $8,057,000 after purchasing an additional 72,225 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTEK shares. KeyCorp boosted their price objective on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research report on Friday. Robert W. Baird upped their price objective on shares of Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Hold" and an average target price of $44.15.

Tetra Tech Stock Down 1.3%

Shares of TTEK stock traded down $0.45 during trading hours on Monday, reaching $34.99. The company had a trading volume of 5,168,660 shares, compared to its average volume of 2,054,802. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $9.38 billion, a P/E ratio of 36.75 and a beta of 0.92. The stock's fifty day simple moving average is $30.19 and its 200 day simple moving average is $36.22.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The firm's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Friday, May 23rd will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's payout ratio is presently 37.68%.

Tetra Tech 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.