Jones Financial Companies Lllp Buys 495 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Jones Financial Companies Lllp lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 98.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,000 shares of the industrial products company’s stock after purchasing an additional 495 shares during the period. Jones Financial Companies Lllp’s holdings in Tetra Tech were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund lifted its stake in Tetra Tech by 0.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock worth $2,172,000 after acquiring an additional 400 shares during the period. Nordea Investment Management AB lifted its stake in Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after acquiring an additional 411 shares during the period. CIBC Asset Management Inc lifted its stake in Tetra Tech by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock worth $331,000 after acquiring an additional 438 shares during the period. Canton Hathaway LLC lifted its stake in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 516 shares during the period. Finally, Osprey Private Wealth LLC lifted its stake in Tetra Tech by 0.3% in the fourth quarter. Osprey Private Wealth LLC now owns 170,850 shares of the industrial products company’s stock worth $6,807,000 after acquiring an additional 525 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Tetra Tech Stock Performance

TTEK stock opened at $29.72 on Wednesday. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 31.22 and a beta of 0.93. The firm has a 50-day simple moving average of $34.05 and a two-hundred day simple moving average of $41.17. Tetra Tech, Inc. has a one year low of $28.17 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is currently 24.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTEK. Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research note on Friday, January 31st. KeyCorp decreased their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.92.

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.