Y Intercept Hong Kong Ltd Has $1.68 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Y Intercept Hong Kong Ltd grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,528 shares of the industrial products company's stock after buying an additional 18,378 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Tetra Tech were worth $1,683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Tetra Tech during the fourth quarter worth approximately $225,000. Commonwealth Equity Services LLC raised its position in Tetra Tech by 10.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,887 shares of the industrial products company's stock valued at $1,270,000 after acquiring an additional 2,957 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Tetra Tech during the fourth quarter valued at approximately $2,207,000. Vanguard Group Inc. raised its position in Tetra Tech by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after acquiring an additional 127,757 shares in the last quarter. Finally, Norges Bank bought a new position in Tetra Tech during the fourth quarter valued at approximately $121,390,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded up $0.03 during trading on Friday, reaching $38.30. The stock had a trading volume of 1,463,976 shares, compared to its average volume of 2,482,083. The stock has a fifty day simple moving average of $36.06 and a two-hundred day simple moving average of $33.77. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 55.67 and a beta of 0.94. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. 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 announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. Tetra Tech had a net margin of 3.44% and a return on equity of 23.31%. Tetra Tech's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.065 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 0.68%. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's payout ratio is currently 37.68%.

Analysts Set New Price Targets

Several brokerages recently weighed in 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 objective 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 research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech currently has an average rating of "Hold" and an average price target of $41.00.

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.