Louisiana State Employees Retirement System Acquires Shares of 15,000 Tetra Tech, Inc. (NASDAQ:TTEK)

Louisiana State Employees Retirement System acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the industrial products company’s stock, valued at approximately $2,504,000.

Several other large investors have also bought and sold shares of the stock. WCM Investment Management LLC raised its stake in shares of Tetra Tech by 2.5% during the 4th quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock worth $57,127,000 after purchasing an additional 8,394 shares during the period. Simplicity Solutions LLC raised its stake in shares of Tetra Tech by 3.1% during the 4th quarter. Simplicity Solutions LLC now owns 23,337 shares of the industrial products company’s stock worth $3,896,000 after purchasing an additional 710 shares during the period. Koshinski Asset Management Inc. bought a new stake in shares of Tetra Tech during the 4th quarter worth $211,000. Sequoia Financial Advisors LLC bought a new stake in shares of Tetra Tech during the 4th quarter worth $873,000. Finally, Bleakley Financial Group LLC raised its stake in shares of Tetra Tech by 3.5% during the 4th quarter. Bleakley Financial Group LLC now owns 23,418 shares of the industrial products company’s stock worth $3,909,000 after purchasing an additional 791 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Down 0.8 %

Shares of TTEK opened at $190.31 on Wednesday. The business has a 50-day moving average of $182.79 and a 200 day moving average of $168.70. Tetra Tech, Inc. has a fifty-two week low of $132.29 and a fifty-two week high of $194.99. The firm has a market cap of $10.18 billion, a P/E ratio of 44.05 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) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $974.00 million. During the same quarter last year, the firm posted $1.34 EPS. As a group, research analysts forecast that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is currently 24.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp assumed coverage on Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.25.

Insider Buying and Selling

In other Tetra Tech news, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at approximately $1,946,981.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the transaction, the chief financial officer now owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $1,946,981.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is owned by 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.