Quantinno Capital Management LP Has $3.74 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Quantinno Capital Management LP lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,927 shares of the industrial products company's stock after acquiring an additional 27,203 shares during the quarter. Quantinno Capital Management LP's holdings in Tetra Tech were worth $3,742,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TTEK. R Squared Ltd bought a new stake in shares of Tetra Tech in the 4th quarter worth approximately $39,000. Asset Planning Inc bought a new stake in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp lifted its holdings in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares during the last quarter. Caption Management LLC bought a new stake in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Finally, Blue Trust Inc. lifted its holdings in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after purchasing an additional 1,014 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

Tetra Tech stock traded up $0.15 during mid-day trading on Wednesday, hitting $35.60. 2,498,838 shares of the company's stock traded hands, compared to its average volume of 2,071,952. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a market cap of $9.38 billion, a PE ratio of 37.39 and a beta of 0.92. The firm has a 50 day moving average price of $31.03 and a 200 day moving average price of $35.72. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company 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 firm earned $0.28 EPS. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current 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 0.73%. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp raised their price target on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Finally, Robert W. Baird lifted their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Tetra Tech currently has an average rating of "Hold" and an average target price of $41.00.

Tetra Tech Company 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.