AXQ Capital LP Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

AXQ Capital LP increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,400 shares of the industrial products company’s stock after buying an additional 3,234 shares during the quarter. AXQ Capital LP’s holdings in Tetra Tech were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TTEK. Canton Hathaway LLC increased its position in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 516 shares during the period. Banque Cantonale Vaudoise boosted its holdings in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 556 shares in the last quarter. Millburn Ridgefield Corp increased its position 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 during the period. R Squared Ltd bought a new position in Tetra Tech in the 4th quarter worth $39,000. Finally, Asset Planning Inc purchased a new stake in shares of Tetra Tech in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the subject of several research analyst reports. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. KeyCorp lowered 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, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Stock Down 0.8 %

NASDAQ:TTEK opened at $29.04 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $7.78 billion, a P/E ratio of 30.50 and a beta of 0.93. Tetra Tech, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $51.20. The firm has a 50-day simple moving average of $33.41 and a two-hundred day simple moving average of $40.81.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 24.21%.

Insider Buying and Selling 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 transaction of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.