Quantinno Capital Management LP increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,927 shares of the industrial products company's stock after buying an additional 27,203 shares during the quarter. Quantinno Capital Management LP's holdings in Tetra Tech were worth $3,742,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth $39,000. Asset Planning Inc bought a new position in Tetra Tech in the 4th quarter valued at $40,000. Jones Financial Companies Lllp grew its stake in 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 valued at $40,000 after purchasing an additional 495 shares during the period. Caption Management LLC bought a new position in Tetra Tech in the 4th quarter valued at $40,000. Finally, Blue Trust Inc. grew its stake in Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 1,014 shares during the period. Institutional investors own 93.89% of the company's stock.
Tetra Tech Stock Performance
Shares of NASDAQ TTEK traded down $0.03 during trading on Friday, reaching $35.42. 2,024,442 shares of the stock traded hands, compared to its average volume of 2,083,532. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average of $31.27 and a 200-day moving average of $35.44. The stock has a market capitalization of $9.33 billion, a P/E ratio of 37.21 and a beta of 0.92.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is currently 37.68%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Robert W. Baird upped their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. KeyCorp upped their price objective on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.00.
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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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