Sequoia Financial Advisors LLC Buys New Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Sequoia Financial Advisors LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,232 shares of the industrial products company's stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTEK. Raymond James & Associates increased its stake in Tetra Tech by 6.7% in the first quarter. Raymond James & Associates now owns 22,259 shares of the industrial products company's stock worth $3,671,000 after purchasing an additional 1,395 shares during the period. American Century Companies Inc. increased its stake in Tetra Tech by 20.0% in the first quarter. American Century Companies Inc. now owns 3,178 shares of the industrial products company's stock worth $524,000 after purchasing an additional 529 shares during the period. US Bancorp DE increased its stake in shares of Tetra Tech by 4.2% during the first quarter. US Bancorp DE now owns 2,170 shares of the industrial products company's stock valued at $358,000 after buying an additional 87 shares during the period. Cetera Advisor Networks LLC purchased a new position in shares of Tetra Tech during the first quarter valued at $421,000. Finally, Bank of Montreal Can increased its stake in shares of Tetra Tech by 8.2% during the first quarter. Bank of Montreal Can now owns 6,868 shares of the industrial products company's stock valued at $1,163,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank of Canada raised their price target on Tetra Tech from $192.00 to $203.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. KeyCorp started coverage on Tetra Tech in a research report on Wednesday, January 10th. They set an "overweight" rating and a $191.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $197.25.

Tetra Tech Stock Down 0.1 %

TTEK stock traded down $0.13 during trading on Monday, reaching $191.87. 304,347 shares of the company traded hands, compared to its average volume of 255,849. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $194.99. The business has a 50 day simple moving average of $182.39 and a 200 day simple moving average of $168.43. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 44.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech's payout ratio is 24.07%.

Insider Transactions at Tetra Tech

In related news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the transaction, the director now directly owns 14,485 shares of the company's stock, valued at approximately $2,390,025. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the company's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares in the company, valued at approximately $2,390,025. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Brian N. Carter sold 5,580 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the sale, the senior vice president now owns 8,360 shares of the company's stock, valued at $1,475,707.20. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock valued at $5,487,673 in the last three months. 0.61% of the stock is currently owned by company insiders.

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.