Dimensional Fund Advisors LP Has $137.77 Million Holdings in Tetra Tech, Inc. (TTEK)
Dimensional Fund Advisors LP decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,959,595 shares of the industrial products company’s stock after selling 23,374 shares during the quarter. Dimensional Fund Advisors LP owned about 5.23% of Tetra Tech worth $137,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Rathbone Brothers plc raised its holdings in Tetra Tech by 3.2% during the 3rd quarter. Rathbone Brothers plc now owns 33,395 shares of the industrial products company’s stock valued at $1,555,000 after acquiring an additional 1,050 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Tetra Tech during the 3rd quarter valued at $774,000. Capital Fund Management S.A. bought a new position in shares of Tetra Tech in the second quarter worth $581,000. Chicago Equity Partners LLC bought a new position in shares of Tetra Tech in the second quarter worth $1,003,000. Finally, Koch Industries Inc. bought a new position in shares of Tetra Tech in the second quarter worth $506,000. 84.78% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech, Inc. (TTEK) opened at $47.50 on Friday. Tetra Tech, Inc. has a 1 year low of $38.85 and a 1 year high of $50.90. The stock has a market cap of $2,690.00, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.94.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The company had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. analysts predict that Tetra Tech, Inc. will post 2.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.10 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.84%. Tetra Tech’s dividend payout ratio (DPR) is presently 19.61%.
In other Tetra Tech news, CEO Dan L. Batrack sold 10,874 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $48.34, for a total transaction of $525,649.16. Following the completion of the sale, the chief executive officer now directly owns 286,551 shares in the company, valued at $13,851,875.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ronald J. Chu sold 14,112 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the sale, the insider now owns 51,216 shares of the company’s stock, valued at $2,560,800. The disclosure for this sale can be found here. Insiders sold 232,019 shares of company stock valued at $11,385,910 over the last quarter. 3.80% of the stock is owned by company insiders.
TTEK has been the topic of several research analyst reports. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Boenning Scattergood reaffirmed a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a research report on Thursday, September 7th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Tetra Tech presently has a consensus rating of “Buy” and an average price target of $52.29.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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