Dimensional Fund Advisors LP Has $107.51 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Dimensional Fund Advisors LP cut its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 9.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 740,489 shares of the industrial products company’s stock after selling 80,175 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Tetra Tech were worth $107,513,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in shares of Tetra Tech by 6.7% during the first quarter. Raymond James & Associates now owns 22,259 shares of the industrial products company’s stock worth $3,671,000 after purchasing an additional 1,395 shares during the period. American Century Companies Inc. raised its position in shares of Tetra Tech by 20.0% during the first quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company’s stock worth $524,000 after purchasing an additional 529 shares during the period. US Bancorp DE raised its position in shares of Tetra Tech by 4.2% during the first quarter. US Bancorp DE now owns 2,170 shares of the industrial products company’s stock worth $358,000 after purchasing an additional 87 shares during the period. Cetera Advisor Networks LLC bought a new stake in Tetra Tech during the first quarter worth $421,000. Finally, Bank of Montreal Can grew its holdings in Tetra Tech by 8.2% during the first quarter. Bank of Montreal Can now owns 6,868 shares of the industrial products company’s stock worth $1,163,000 after buying an additional 522 shares in the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $144.05 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a one year low of $118.55 and a one year high of $169.67. The stock has a market capitalization of $7.67 billion, a P/E ratio of 25.63 and a beta of 0.97. The business’s 50 day simple moving average is $141.77 and its two-hundred day simple moving average is $145.78.

Tetra Tech (NASDAQ:TTEK – Get Rating) last posted its earnings results on Wednesday, May 10th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.21. Tetra Tech had a return on equity of 20.51% and a net margin of 7.83%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $810.00 million. During the same period in the previous year, the firm earned $0.98 earnings per share. Analysts forecast that Tetra Tech, Inc. will post 5.12 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Wednesday, May 24th will be issued a dividend of $0.26 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, May 23rd. Tetra Tech’s dividend payout ratio is presently 16.37%.

Wall Street Analyst Weigh In

TTEK has been the subject of several recent research reports. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, May 12th. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Tetra Tech in a research note on Thursday, May 11th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $164.00 to $170.00 in a research note on Thursday, May 11th.

Tetra Tech Profile

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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.