Sherbrooke Park Advisers LLC Invests $587,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Sherbrooke Park Advisers LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,731 shares of the industrial products company's stock, valued at approximately $587,000.

A number of other institutional investors have also made changes to their positions in the stock. R Squared Ltd purchased a new position in Tetra Tech during the 4th quarter valued at about $39,000. Asset Planning Inc purchased a new position in Tetra Tech during the 4th quarter valued at about $40,000. Jones Financial Companies Lllp boosted its holdings in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 495 shares during the period. Caption Management LLC purchased a new position in Tetra Tech during the 4th quarter valued at about $40,000. Finally, Blue Trust Inc. boosted its holdings in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 1,014 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Down 0.8%

NASDAQ TTEK traded down $0.27 on Thursday, hitting $35.33. 1,271,201 shares of the stock were exchanged, compared to its average volume of 2,068,919. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a market cap of $9.31 billion, a PE ratio of 37.11 and a beta of 0.92. The company has a 50-day moving average price of $31.03 and a 200-day moving average price of $35.72.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the firm earned $0.28 earnings per share. Tetra Tech's quarterly revenue was up 25.9% on a year-over-year basis. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors 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 yield of 0.74%. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, May 23rd. Tetra Tech's dividend payout ratio is 37.68%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird increased their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp increased their price objective on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.