Dimensional Fund Advisors LP Sells 80,175 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Dimensional Fund Advisors LP lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 740,489 shares of the industrial products company’s stock after selling 80,175 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.39% of Tetra Tech worth $107,513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Walleye Capital LLC acquired a new stake in shares of Tetra Tech in the 1st quarter valued at approximately $19,880,000. First Trust Advisors LP raised its position in shares of Tetra Tech by 26.2% in the 3rd quarter. First Trust Advisors LP now owns 495,490 shares of the industrial products company’s stock valued at $63,685,000 after acquiring an additional 102,727 shares during the period. Vanguard Group Inc. raised its position in shares of Tetra Tech by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,221,253 shares of the industrial products company’s stock valued at $671,087,000 after acquiring an additional 92,052 shares during the period. Eaton Vance Management raised its holdings in Tetra Tech by 41.0% during the 1st quarter. Eaton Vance Management now owns 296,643 shares of the industrial products company’s stock worth $48,927,000 after buying an additional 86,326 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Tetra Tech by 47.9% during the 3rd quarter. Nuveen Asset Management LLC now owns 262,627 shares of the industrial products company’s stock worth $33,756,000 after buying an additional 85,116 shares during the period. Institutional investors own 85.28% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK opened at $144.05 on Monday. The stock has a market capitalization of $7.67 billion, a P/E ratio of 25.63 and a beta of 0.97. Tetra Tech, Inc. has a twelve month low of $118.55 and a twelve month high of $169.67. The company has a 50 day moving average of $141.77 and a 200-day moving average of $145.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.79.

Tetra Tech (NASDAQ:TTEK – Get Rating) last released its earnings results on Wednesday, May 10th. The industrial products company reported $1.17 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $810.00 million. During the same period last year, the business earned $0.98 earnings per share. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 5.12 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced 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 is Tuesday, May 23rd. This is a boost from Tetra Tech’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.72%. Tetra Tech’s dividend payout ratio (DPR) is currently 16.37%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Tetra Tech in a report on Thursday, May 11th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, Robert W. Baird raised their target price on shares of Tetra Tech from $164.00 to $170.00 in a report 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.