Dimensional Fund Advisors LP grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,998,113 shares of the industrial products company's stock after buying an additional 33,046 shares during the period. Dimensional Fund Advisors LP owned 0.75% of Tetra Tech worth $79,606,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEK. R Squared Ltd purchased a new position in Tetra Tech during the 4th quarter valued at $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $40,000. Jones Financial Companies Lllp increased its position in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after buying an additional 495 shares during the period. Blue Trust Inc. raised its stake in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after buying an additional 1,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Tetra Tech in the fourth quarter worth about $63,000. Institutional investors own 93.89% of the company's stock.
Tetra Tech Price Performance
TTEK opened at $31.27 on Wednesday. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The stock has a 50-day moving average price of $29.67 and a 200-day moving average price of $37.33. The firm has a market cap of $8.38 billion, a PE ratio of 32.85 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TTEK. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp lowered their price objective on Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $45.72.
Check Out Our Latest Analysis on TTEK
About Tetra Tech
(
Free Report)
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.
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