Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,209 shares of the industrial products company’s stock after selling 3,783 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Tetra Tech worth $10,718,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Tetra Tech in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. grew its position in shares of Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after buying an additional 151 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Tetra Tech during the third quarter worth about $37,000. ST Germain D J Co. Inc. acquired a new position in shares of Tetra Tech during the second quarter worth about $38,000. Finally, Farther Finance Advisors LLC grew its position in shares of Tetra Tech by 79.9% during the second quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock worth $39,000 after buying an additional 107 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Tetra Tech

In other news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction that occurred 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 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 through this hyperlink. In other news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction that occurred 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 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 through this hyperlink. Also, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the sale, the chief financial officer now directly owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $5,487,673 over the last three months. 0.61% of the stock is owned by corporate insiders.

Tetra Tech Stock Performance

Shares of TTEK opened at $192.11 on Thursday. The stock has a 50 day moving average price of $180.74 and a 200 day moving average price of $167.51. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 44.47 and a beta of 0.96. Tetra Tech, Inc. has a 52-week low of $132.29 and a 52-week high of $194.99.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $1.34 earnings per share. Research 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. Investors of record on Wednesday, February 14th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is 24.07%.

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.