23,602 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,602 shares of the industrial products company's stock, valued at approximately $940,000.

Several other institutional investors and hedge funds have also modified their holdings of TTEK. R Squared Ltd bought a new position in Tetra Tech in the fourth quarter valued at about $39,000. Asset Planning Inc bought a new position in Tetra Tech in the fourth quarter valued at about $40,000. Jones Financial Companies Lllp raised its position in Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. raised its position in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Tetra Tech in the fourth quarter valued at about $63,000. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Up 0.1%

NASDAQ TTEK traded up $0.05 during trading hours on Tuesday, hitting $35.04. 2,747,920 shares of the company's stock were exchanged, compared to its average volume of 2,057,868. The stock has a 50-day simple moving average of $30.19 and a 200 day simple moving average of $36.22. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 36.81 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 released its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The firm's revenue was up 25.9% on a year-over-year basis. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, May 23rd. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio (DPR) is currently 37.68%.

Wall Street Analyst Weigh In

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

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.