Squarepoint Ops LLC Purchases Shares of 189,447 Tetra Tech, Inc. (NASDAQ:TTEK)

Squarepoint Ops LLC acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 189,447 shares of the industrial products company's stock, valued at approximately $7,548,000. Squarepoint Ops LLC owned 0.07% of Tetra Tech at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter worth about $39,000. Asset Planning Inc bought a new position in Tetra Tech in the 4th quarter valued at approximately $40,000. Jones Financial Companies Lllp raised its stake in Tetra Tech by 98.0% during the 4th 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 last quarter. Caption Management LLC purchased a new stake in Tetra Tech during the 4th quarter valued at $40,000. Finally, Blue Trust Inc. raised its stake in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after buying an additional 1,014 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTEK shares. Robert W. Baird increased their price objective on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Maxim Group downgraded shares of 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 target price on shares of Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp boosted their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Down 0.6%

NASDAQ:TTEK traded down $0.22 during mid-day trading on Thursday, hitting $35.40. The company had a trading volume of 439,439 shares, compared to its average volume of 2,077,797. The business has a fifty day simple moving average of $31.64 and a 200-day simple moving average of $35.28. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 37.18 and a beta of 0.92. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Tetra Tech's quarterly revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. Equities analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio is currently 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.