Jones Financial Companies Lllp Invests $33,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Jones Financial Companies Lllp acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 200 shares of the industrial products company’s stock, valued at approximately $33,000.

Other large investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Tetra Tech during the fourth quarter valued at about $26,000. Principal Securities Inc. purchased a new position in shares of Tetra Tech during the 4th quarter worth approximately $36,000. GAMMA Investing LLC acquired a new stake in Tetra Tech in the 4th quarter valued at approximately $38,000. SRS Capital Advisors Inc. raised its position in Tetra Tech by 305.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 235 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 177 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Tetra Tech during the fourth quarter worth $89,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TTEK. Maxim Group boosted their price objective on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, May 16th. KeyCorp boosted their price target on shares of Tetra Tech from $231.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Royal Bank of Canada raised 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. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 target price on the stock in a research note on Thursday, May 2nd. Finally, upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.60.

Get Our Latest Report on Tetra Tech

Tetra Tech Trading Down 0.9 %

NASDAQ TTEK opened at $204.75 on Friday. Tetra Tech, Inc. has a 52 week low of $143.35 and a 52 week high of $221.40. The firm has a 50 day moving average of $202.00 and a two-hundred day moving average of $181.43. The stock has a market capitalization of $10.95 billion, a PE ratio of 41.45 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.60.

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

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a dividend of $0.29 per share. This is a boost from Tetra Tech’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.16 annualized dividend and a yield of 0.57%. Tetra Tech’s payout ratio is presently 23.48%.

About Tetra Tech

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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