Jane Street Group LLC reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,333 shares of the industrial products company's stock after selling 873,500 shares during the period. Jane Street Group LLC owned about 0.10% of Tetra Tech worth $10,531,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter valued at approximately $121,390,000. Capital International Investors bought a new stake in Tetra Tech in the fourth quarter valued at $43,895,000. King Luther Capital Management Corp raised its stake in Tetra Tech by 324.0% during the fourth quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock worth $50,927,000 after acquiring an additional 976,810 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Tetra Tech by 130.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company's stock valued at $55,100,000 after acquiring an additional 783,736 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Tetra Tech by 924.3% in the 4th quarter. Bessemer Group Inc. now owns 815,939 shares of the industrial products company's stock valued at $32,508,000 after purchasing an additional 736,279 shares in the last quarter. Institutional investors own 93.89% of the company's stock.
Tetra Tech Trading Up 1.0 %
Shares of NASDAQ TTEK opened at $30.88 on Thursday. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The company has a 50-day moving average of $29.81 and a two-hundred day moving average of $36.66. The company has a market cap of $8.28 billion, a PE ratio of 32.44 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.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm 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%. Tetra Tech's revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TTEK. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp dropped their price target on Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Tetra Tech currently has an average rating of "Hold" and a consensus price target of $45.90.
Check Out Our Latest Stock Report on TTEK
Tetra Tech 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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