Tetra Tech, Inc. (NASDAQ:TTEK) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,727 shares of the industrial products company's stock after selling 23,138 shares during the quarter. New York State Common Retirement Fund owned 0.27% of Tetra Tech worth $24,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Stifel Financial Corp increased its stake in shares of Tetra Tech by 10.7% during the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company's stock valued at $4,077,000 after buying an additional 2,593 shares during the period. WCM Investment Management LLC increased its stake in shares of Tetra Tech by 2.5% during the fourth quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company's stock valued at $57,127,000 after buying an additional 8,394 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Tetra Tech by 95.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company's stock valued at $2,733,000 after buying an additional 8,791 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Tetra Tech during the fourth quarter valued at $82,209,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Tetra Tech in the fourth quarter valued at about $873,000. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Down 0.2 %

TTEK traded down $0.42 on Friday, hitting $192.50. The company had a trading volume of 225,075 shares, compared to its average volume of 278,047. Tetra Tech, Inc. has a 12-month low of $132.29 and a 12-month high of $194.99. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 44.56 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. The stock has a fifty day moving average price of $184.55 and a 200-day moving average price of $170.37.

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

Tetra Tech Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. Tetra Tech's payout ratio is 24.07%.

Insider Transactions at Tetra Tech

In other news, SVP Brian N. Carter sold 5,580 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the sale, the senior vice president now owns 8,360 shares in the company, valued at $1,475,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the sale, the director now owns 14,485 shares of the company's stock, valued at $2,390,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of Tetra Tech stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $176.52, for a total value of $984,981.60. Following the sale, the senior vice president now directly owns 8,360 shares of the company's stock, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,123 shares of company stock worth $5,487,673. Insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TTEK shares. Royal Bank of Canada lifted their target price 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 note on Wednesday, January 10th. They issued an "overweight" rating and a $191.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $197.25.

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.