Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 814.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Tetra Tech by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock worth $1,032,338,000 after acquiring an additional 127,757 shares during the period. Pictet Asset Management Holding SA boosted its position in Tetra Tech by 2.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock worth $558,512,000 after purchasing an additional 381,437 shares in the last quarter. Amundi grew its holdings in Tetra Tech by 2.5% in the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tetra Tech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after buying an additional 13,616 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Tetra Tech during the 4th quarter worth $121,390,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. KeyCorp increased 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. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Robert W. Baird upped their target price on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Hold" and an average target price of $44.15.

Tetra Tech Trading Up 0.5%

NASDAQ:TTEK traded up $0.19 on Friday, reaching $35.37. The stock had a trading volume of 1,709,154 shares, compared to its average volume of 2,059,843. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 37.15 and a beta of 0.92. The firm's fifty day moving average is $30.52 and its two-hundred day moving average is $36.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29.

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, beating 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 4.81% and a return on equity of 22.58%. The company's quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.065 per share. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date is Friday, May 23rd. This represents a $0.26 annualized dividend and a dividend yield of 0.74%. Tetra Tech's dividend payout ratio (DPR) 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.