Quadrant Capital Group LLC grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 486 shares of the industrial products company’s stock after buying an additional 82 shares during the period. Quadrant Capital Group LLC’s holdings in Tetra Tech were worth $71,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Tetra Tech by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,303,607 shares of the industrial products company’s stock worth $874,777,000 after buying an additional 61,906 shares in the last quarter. Pictet Asset Management SA boosted its stake in Tetra Tech by 2.3% in the third quarter. Pictet Asset Management SA now owns 2,637,863 shares of the industrial products company’s stock valued at $339,044,000 after acquiring an additional 60,405 shares during the last quarter. State Street Corp boosted its stake in Tetra Tech by 1.9% in the first quarter. State Street Corp now owns 1,707,196 shares of the industrial products company’s stock valued at $281,585,000 after acquiring an additional 31,942 shares during the last quarter. Invesco Ltd. lifted its position in Tetra Tech by 7.5% during the 1st quarter. Invesco Ltd. now owns 917,617 shares of the industrial products company’s stock worth $151,353,000 after buying an additional 64,168 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in Tetra Tech by 3.5% during the 2nd quarter. Macquarie Group Ltd. now owns 767,471 shares of the industrial products company’s stock worth $104,798,000 after buying an additional 26,144 shares in the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.
Insiders Place Their Bets
In other Tetra Tech news, Director J Kenneth Thompson sold 5,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $152.31, for a total transaction of $761,550.00. Following the transaction, the director now owns 20,336 shares in the company, valued at approximately $3,097,376.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.
Wall Street Analyst Weigh In
Tetra Tech Price Performance
Shares of TTEK stock opened at $153.14 on Tuesday. Tetra Tech, Inc. has a 52-week low of $118.55 and a 52-week high of $169.67. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 27.25 and a beta of 0.96. The firm’s 50-day moving average is $141.89 and its 200-day moving average is $145.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.25.
Tetra Tech (NASDAQ:TTEK – Get Rating) last announced its quarterly earnings results on Wednesday, May 10th. The industrial products company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. Tetra Tech had a net margin of 7.83% and a return on equity of 20.51%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $810.00 million. During the same quarter in the prior year, the business earned $0.98 EPS. Sell-side analysts predict that Tetra Tech, Inc. will post 5.12 EPS for the current year.
Tetra Tech Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Wednesday, May 24th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.68%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.23. Tetra Tech’s dividend payout ratio is 18.51%.
Tetra Tech Company Profile
Tetra Tech, Inc engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG), Commercial and International Services Group (CIG), and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide.
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