Jump Financial LLC Has $938,000 Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Jump Financial LLC lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 37.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,543 shares of the industrial products company's stock after selling 14,202 shares during the quarter. Jump Financial LLC's holdings in Tetra Tech were worth $938,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after acquiring an additional 400 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Tetra Tech by 0.9% during the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock worth $1,809,000 after purchasing an additional 411 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock valued at $331,000 after purchasing an additional 438 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Tetra Tech by 13.0% in the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 461 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in 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 worth $40,000 after purchasing an additional 495 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTEK has been the subject of a number of analyst reports. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, KeyCorp decreased their target price on Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $45.72.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK traded down $0.29 during midday trading on Friday, reaching $31.21. 1,017,832 shares of the company's stock were exchanged, compared to its average volume of 1,998,972. 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 company's 50 day simple moving average is $29.62 and its two-hundred day simple moving average is $37.79. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The firm has a market capitalization of $8.37 billion, a PE ratio of 32.78 and a beta of 0.89.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. 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 business 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 was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.74%. Tetra Tech's dividend payout ratio is currently 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 dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

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.