Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 297,686 Tetra Tech, Inc. (NASDAQ:TTEK)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 297,686 shares of the industrial products company's stock, valued at approximately $11,860,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Tetra Tech at the end of the most recent quarter.

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

Tetra Tech Price Performance

Shares of TTEK traded up $0.37 during trading hours on Wednesday, reaching $35.45. 403,937 shares of the company's stock traded hands, compared to its average volume of 2,092,896. 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's 50 day simple moving average is $32.08 and its 200-day simple moving average is $34.93. The stock has a market cap of $9.34 billion, a PE ratio of 37.24 and a beta of 0.92. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The business's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTEK. Robert W. Baird raised their price objective 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. KeyCorp raised their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Maxim Group lowered shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. 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, Tetra Tech currently has a consensus rating of "Hold" and a consensus price target of $41.00.

About Tetra Tech

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.