Trexquant Investment LP Has $11.13 Million Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Trexquant Investment LP raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 109.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,406 shares of the industrial products company’s stock after buying an additional 145,736 shares during the period. Trexquant Investment LP owned 0.10% of Tetra Tech worth $11,132,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millburn Ridgefield Corp increased its holdings in Tetra Tech by 346.9% during the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 621 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Tetra Tech in the fourth quarter valued at $39,000. Asset Planning Inc bought a new position in shares of Tetra Tech in the fourth quarter worth about $40,000. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after buying an additional 1,014 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the topic of several recent research reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. KeyCorp dropped their target price 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 cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Price Performance

NASDAQ TTEK opened at $30.83 on Thursday. The firm’s 50 day moving average is $31.39 and its 200-day moving average is $39.82. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.26 billion, a PE ratio of 32.38 and a beta of 0.93. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (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%. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.75%. Tetra Tech’s dividend payout ratio is 24.21%.

Insiders Place Their Bets

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction 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 approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Company Profile

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.