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 fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 200 shares of the industrial products company’s stock, valued at approximately $33,000.

Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in shares of Tetra Tech during the fourth quarter valued at about $26,000. Principal Securities Inc. bought a new position in Tetra Tech in the fourth quarter worth approximately $36,000. SRS Capital Advisors Inc. grew its stake 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 acquiring an additional 177 shares during the period. GAMMA Investing LLC acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $38,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Tetra Tech during the fourth quarter valued at approximately $89,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of recent research reports. upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Robert W. Baird boosted their target price on shares of Tetra Tech from $200.00 to $223.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price target on the stock in a research report on Thursday, May 2nd. KeyCorp boosted their price objective on Tetra Tech from $231.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Finally, Maxim Group raised their target price on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $236.60.

Check Out Our Latest Research Report on TTEK

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $204.75 on Friday. The company 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. The stock’s 50 day moving average price is $202.00 and its 200-day moving average price is $181.43. Tetra Tech, Inc. has a twelve month low of $143.35 and a twelve month high of $221.40.

Tetra Tech (NASDAQ:TTEKGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. On average, equities analysts anticipate that Tetra Tech, Inc. will post 6.2 EPS for the current year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, May 17th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s dividend payout ratio (DPR) is 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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