4,250 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,250 shares of the industrial products company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Tetra Tech in the fourth quarter worth $96,655,000. Trillium Asset Management LLC increased its position in shares of Tetra Tech by 3.7% in the fourth quarter. Trillium Asset Management LLC now owns 105,453 shares of the industrial products company’s stock worth $17,603,000 after acquiring an additional 3,718 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Tetra Tech by 59.0% during the 4th quarter. Quadrant Capital Group LLC now owns 539 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 200 shares in the last quarter. Farrow Financial Inc. acquired a new stake in Tetra Tech during the 4th quarter valued at $2,062,000. Finally, USA Financial Formulas grew its holdings in Tetra Tech by 6,790.9% during the 4th quarter. USA Financial Formulas now owns 758 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 747 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTEK shares. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Thursday, May 2nd. KeyCorp raised their price target on shares of Tetra Tech from $231.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird raised their price target on shares of Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada increased their price objective on shares of Tetra Tech from $203.00 to $233.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $236.60.

Tetra Tech Trading Down 1.9 %

NASDAQ TTEK opened at $216.12 on Friday. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $221.40. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 43.75 and a beta of 0.93. The company’s fifty day moving average price is $196.26 and its two-hundred day moving average price is $177.71.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $1.17 EPS. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, research analysts predict that Tetra Tech, Inc. will post 6.2 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a $0.29 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 17th. Tetra Tech’s dividend payout ratio (DPR) is presently 23.48%.

Tetra Tech 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.