Two Sigma Advisers LP grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 136.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,700 shares of the industrial products company's stock after buying an additional 107,300 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Tetra Tech worth $7,398,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Tidal Investments LLC grew its stake in Tetra Tech by 3,593.3% during the 4th quarter. Tidal Investments LLC now owns 432,931 shares of the industrial products company's stock worth $17,248,000 after purchasing an additional 421,209 shares in the last quarter. State of Wyoming grew its stake in Tetra Tech by 91.9% during the 4th quarter. State of Wyoming now owns 15,034 shares of the industrial products company's stock worth $599,000 after purchasing an additional 7,199 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Tetra Tech during the 4th quarter worth $587,000. ProShare Advisors LLC grew its stake in Tetra Tech by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 12,526 shares of the industrial products company's stock worth $499,000 after purchasing an additional 866 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Tetra Tech by 40.8% during the 4th quarter. Quantinno Capital Management LP now owns 93,927 shares of the industrial products company's stock worth $3,742,000 after purchasing an additional 27,203 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Tetra Tech Stock Down 0.5%
NASDAQ TTEK traded down $0.19 during trading on Thursday, reaching $35.43. 374,718 shares of the company's stock were exchanged, compared to its average volume of 2,077,621. The stock has a market cap of $9.34 billion, a P/E ratio of 37.22 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50 day moving average price of $31.64 and a two-hundred day moving average price of $35.28. 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 announced 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 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 revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a $0.065 dividend. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's payout ratio is presently 37.68%.
Analyst Ratings Changes
Several research analysts recently commented on the company. KeyCorp boosted their target price on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.00.
Read Our Latest Stock Report on Tetra Tech
Tetra Tech Company Profile
(
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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