State of Tennessee Treasury Department lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,583 shares of the industrial products company’s stock after selling 3,197 shares during the period. State of Tennessee Treasury Department owned about 0.09% of Tetra Tech worth $2,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in TTEK. Teachers Advisors LLC increased its stake in shares of Tetra Tech by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 108,326 shares of the industrial products company’s stock valued at $4,425,000 after purchasing an additional 2,620 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Tetra Tech by 120.5% in the 1st quarter. Renaissance Technologies LLC now owns 242,720 shares of the industrial products company’s stock valued at $9,915,000 after purchasing an additional 132,620 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Tetra Tech by 33.1% in the 1st quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock valued at $8,936,000 after purchasing an additional 54,438 shares in the last quarter. State Street Corp increased its stake in shares of Tetra Tech by 6.8% in the 1st quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock valued at $58,339,000 after purchasing an additional 90,381 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Tetra Tech by 78.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,285 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 4,955 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

In other news, EVP Ronald J. Chu sold 42,395 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total value of $2,119,750.00. Following the completion of the sale, the executive vice president now directly owns 58,624 shares in the company, valued at $2,931,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald J. Chu sold 696 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $50.00, for a total value of $34,800.00. Following the completion of the sale, the insider now owns 37,800 shares of the company’s stock, valued at $1,890,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,203 shares of company stock valued at $2,860,150. 3.80% of the stock is owned by company insiders.

Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at $47.95 on Friday. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $50.15. The company has a current ratio of 1.94, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2,679.11, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The company had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. During the same period in the previous year, the business earned $0.59 EPS. Tetra Tech’s quarterly revenue was up .4% on a year-over-year basis. equities analysts anticipate that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 annualized dividend and a yield of 0.83%. Tetra Tech’s dividend payout ratio (DPR) is currently 19.61%.

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Several equities analysts recently weighed in on the company. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.29.

About Tetra Tech

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

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

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