New York State Common Retirement Fund lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 110,534 shares of the industrial products company’s stock after selling 1,400 shares during the quarter. New York State Common Retirement Fund owned about 0.21% of Tetra Tech worth $10,556,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTEK. DekaBank Deutsche Girozentrale increased its stake in shares of Tetra Tech by 79.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 43,000 shares of the industrial products company’s stock worth $4,034,000 after purchasing an additional 19,000 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Tetra Tech by 136.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,610 shares of the industrial products company’s stock valued at $128,000 after buying an additional 930 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in Tetra Tech by 77.1% in the 3rd quarter. Harbor Investment Advisory LLC now owns 611 shares of the industrial products company’s stock worth $58,000 after buying an additional 266 shares during the period. HighTower Advisors LLC grew its stake in Tetra Tech by 106.5% in the 2nd quarter. HighTower Advisors LLC now owns 43,741 shares of the industrial products company’s stock valued at $3,477,000 after buying an additional 22,557 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in Tetra Tech by 7.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 107,140 shares of the industrial products company’s stock valued at $10,232,000 after acquiring an additional 7,803 shares during the period. Institutional investors and hedge funds own 82.74% of the company’s stock.

Shares of NASDAQ:TTEK opened at $121.65 on Friday. The company’s fifty day moving average price is $107.81 and its 200-day moving average price is $89.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 47.71, a PEG ratio of 2.08 and a beta of 0.85. Tetra Tech, Inc. has a one year low of $63.61 and a one year high of $127.19.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 11th. The industrial products company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.10. Tetra Tech had a return on equity of 18.03% and a net margin of 4.56%. The business had revenue of $589.81 million for the quarter, compared to analysts’ expectations of $589.86 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts expect that Tetra Tech, Inc. will post 3.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Monday, November 30th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s payout ratio is 21.45%.

In other news, SVP Richard A. Lemmon sold 2,936 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $93.51, for a total transaction of $274,545.36. Following the transaction, the senior vice president now directly owns 45,808 shares of the company’s stock, valued at $4,283,506.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kirsten M. Volpi sold 800 shares of Tetra Tech stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $93.44, for a total value of $74,752.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,196 shares of company stock valued at $12,695,938. 1.97% of the stock is owned by insiders.

A number of analysts recently issued reports on the company. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. Stifel Nicolaus raised shares of Tetra Tech from a “hold” rating to a “buy” rating and increased their price target for the stock from $86.00 to $125.00 in a report on Monday, November 9th. Roth Capital upped their target price on shares of Tetra Tech from $85.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Maxim Group raised their price target on shares of Tetra Tech from $110.00 to $135.00 in a report on Thursday, November 12th. Finally, Zacks Investment Research cut shares of Tetra Tech from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Wednesday, September 30th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tetra Tech currently has a consensus rating of “Buy” and an average price target of $110.33.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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