Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3,593.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 432,931 shares of the industrial products company's stock after purchasing an additional 421,209 shares during the quarter. Tidal Investments LLC owned approximately 0.16% of Tetra Tech worth $17,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. R Squared Ltd acquired a new position in shares of Tetra Tech during the 4th quarter valued at about $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech during the 4th quarter valued at about $40,000. Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 495 shares during the last quarter. Caption Management LLC acquired a new position in shares of Tetra Tech during the 4th quarter valued at about $40,000. Finally, Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 1,014 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTEK. Robert W. Baird boosted their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. KeyCorp boosted their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Maxim Group lowered shares of 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Trading Up 0.4%

NASDAQ:TTEK traded up $0.15 on Wednesday, reaching $35.60. 2,498,838 shares of the company's stock were exchanged, compared to its average volume of 2,071,952. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 37.39 and a beta of 0.92. The business has a fifty day moving average of $31.03 and a 200-day moving average of $35.72. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20.

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, topping analysts' consensus estimates of $0.31 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. As a group, analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.065 per share. The ex-dividend date is Friday, May 23rd. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.73%. Tetra Tech's dividend payout ratio is 37.68%.

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.