Y Intercept Hong Kong Ltd Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Y Intercept Hong Kong Ltd grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1,218.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,544 shares of the industrial products company's stock after buying an additional 23,607 shares during the period. Y Intercept Hong Kong Ltd's holdings in Tetra Tech were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Tetra Tech by 90.8% in the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock valued at $1,589,000 after purchasing an additional 4,096 shares during the last quarter. Cetera Advisors LLC acquired a new position in Tetra Tech in the 1st quarter valued at about $208,000. CWM LLC grew its stake in shares of Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company's stock valued at $62,000 after buying an additional 51 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tetra Tech by 510.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,759 shares of the industrial products company's stock worth $1,587,000 after buying an additional 6,489 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Tetra Tech by 7.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,364 shares of the industrial products company's stock valued at $2,733,000 after buying an additional 980 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Finally, KeyCorp dropped their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.

Tetra Tech Stock Down 1.2 %

Shares of NASDAQ TTEK traded down $0.49 during midday trading on Thursday, hitting $41.75. The company's stock had a trading volume of 1,432,983 shares, compared to its average volume of 1,523,600. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 33.92 and a beta of 0.88. The business's fifty day simple moving average is $45.86 and its two-hundred day simple moving average is $44.53. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. Tetra Tech's dividend payout ratio (DPR) is 18.70%.

About Tetra Tech

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.