Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 814.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,267,296 shares of the industrial products company's stock after acquiring an additional 2,019,295 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.85% of Tetra Tech worth $90,329,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TTEK. Tidal Investments LLC boosted its position in shares of Tetra Tech by 226.7% in the 3rd quarter. Tidal Investments LLC now owns 11,722 shares of the industrial products company's stock valued at $553,000 after purchasing an additional 8,134 shares during the period. Principal Financial Group Inc. boosted its position in shares of Tetra Tech by 279.4% in the 3rd quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company's stock valued at $35,592,000 after purchasing an additional 555,789 shares during the period. Nordea Investment Management AB boosted its position in shares of Tetra Tech by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock valued at $1,809,000 after purchasing an additional 411 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Tetra Tech by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 37,078 shares of the industrial products company's stock valued at $1,477,000 after purchasing an additional 648 shares during the period. Finally, Define Financial LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $412,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Down 0.9%

NASDAQ TTEK traded down $0.30 during trading on Wednesday, reaching $34.74. 2,498,234 shares of the company's stock were exchanged, compared to its average volume of 2,059,789. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The firm has a market capitalization of $9.31 billion, a PE ratio of 36.49 and a beta of 0.92. 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 company's fifty day simple moving average is $30.41 and its 200-day simple moving average is $36.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.28 EPS. The business's quarterly revenue was up 25.9% compared to the same quarter last year. Sell-side analysts predict 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. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.75%. Tetra Tech's dividend payout ratio (DPR) is 37.68%.

Analyst Ratings Changes

A number of research firms recently weighed in on TTEK. KeyCorp increased their price target on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Robert W. Baird raised their price objective on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $44.15.

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.