7,953 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,953 shares of the industrial products company’s stock, valued at approximately $1,469,000.

Several other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Tetra Tech by 5.5% during the first quarter. Advisors Asset Management Inc. now owns 14,245 shares of the industrial products company’s stock worth $2,631,000 after purchasing an additional 746 shares in the last quarter. LGT Group Foundation acquired a new position in Tetra Tech during the first quarter worth $1,197,000. CANADA LIFE ASSURANCE Co boosted its stake in Tetra Tech by 17.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 36,463 shares of the industrial products company’s stock worth $6,738,000 after buying an additional 5,332 shares during the last quarter. Mirova boosted its stake in Tetra Tech by 81.7% during the first quarter. Mirova now owns 43,505 shares of the industrial products company’s stock worth $8,036,000 after buying an additional 19,567 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in Tetra Tech by 7.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,742 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 404 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Trading Up 1.1 %

Shares of Tetra Tech stock traded up $2.34 during trading hours on Friday, hitting $210.55. The company’s stock had a trading volume of 289,425 shares, compared to its average volume of 278,401. Tetra Tech, Inc. has a twelve month low of $143.35 and a twelve month high of $221.40. The firm has a fifty day moving average of $208.06 and a 200-day moving average of $191.81. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 42.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.24 and a current ratio of 1.24.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. Research analysts forecast that Tetra Tech, Inc. will post 6.22 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, May 17th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s payout ratio is currently 23.48%.

Insider Activity at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 11,161 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $211.83, for a total value of $2,364,234.63. Following the sale, the executive vice president now owns 74,887 shares in the company, valued at approximately $15,863,313.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TTEK. Royal Bank of Canada reissued an “outperform” rating and set a $233.00 price objective on shares of Tetra Tech in a research note on Tuesday, July 9th. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Robert W. Baird boosted their price objective on Tetra Tech from $200.00 to $223.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Maxim Group boosted their price objective on Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, KeyCorp upped their price target on Tetra Tech from $231.00 to $234.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and an average target price of $236.60.

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.