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

Trexquant Investment LP grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 109.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,406 shares of the industrial products company’s stock after buying an additional 145,736 shares during the period. Trexquant Investment LP’s holdings in Tetra Tech were worth $11,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Millburn Ridgefield Corp raised its stake in Tetra Tech by 346.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 621 shares during the period. R Squared Ltd acquired a new position in shares of Tetra Tech in the fourth quarter valued at $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech in the fourth quarter valued at $40,000. Jones Financial Companies Lllp raised its position in shares of Tetra Tech by 98.0% in 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 period. Finally, Blue Trust Inc. lifted its stake in shares of Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock worth $58,000 after buying an additional 1,014 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Up 4.3 %

NASDAQ TTEK opened at $30.83 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.26 billion, a price-to-earnings ratio of 32.38 and a beta of 0.93. The company has a 50 day moving average of $31.39 and a 200-day moving average of $39.82. Tetra Tech, Inc. has a 1-year low of $28.17 and a 1-year high of $51.20.

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, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. 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 payout ratio 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 sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

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

Tetra Tech 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.