New York State Common Retirement Fund Purchases 32,713 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

New York State Common Retirement Fund increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,808 shares of the industrial products company’s stock after purchasing an additional 32,713 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of Tetra Tech worth $25,809,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. New England Research & Management Inc. bought a new position in Tetra Tech during the 4th quarter valued at about $596,000. Harbor Capital Advisors Inc. lifted its stake in Tetra Tech by 630.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after acquiring an additional 31,445 shares during the period. Arkadios Wealth Advisors lifted its stake in Tetra Tech by 615.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 19,193 shares during the period. Lecap Asset Management Ltd. lifted its stake in Tetra Tech by 71.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company’s stock valued at $1,784,000 after acquiring an additional 18,635 shares during the period. Finally, Perpetual Ltd lifted its stake in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock valued at $8,567,000 after acquiring an additional 18,842 shares during the period. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTEK. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp lowered their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Robert W. Baird upped their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.52.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

Tetra Tech Price Performance

NASDAQ TTEK opened at $29.93 on Friday. Tetra Tech, Inc. has a 52 week low of $29.23 and a 52 week high of $51.20. The firm has a market capitalization of $8.02 billion, a P/E ratio of 31.44 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $37.73 and a 200-day moving average price of $43.15.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio is 24.16%.

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.