New Age Alpha Advisors LLC Takes $2.29 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

New Age Alpha Advisors LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 57,477 shares of the industrial products company's stock, valued at approximately $2,290,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEK. Geode Capital Management LLC increased its stake in shares of Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after acquiring an additional 3,785,189 shares during the period. Norges Bank acquired a new stake in Tetra Tech during the 4th quarter worth about $121,390,000. King Luther Capital Management Corp raised its stake in shares of Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock valued at $50,927,000 after buying an additional 976,810 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Tetra Tech by 365.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company's stock valued at $53,739,000 after buying an additional 893,827 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Tetra Tech by 365.5% in the third quarter. Wellington Management Group LLP now owns 1,077,828 shares of the industrial products company's stock worth $50,830,000 after buying an additional 846,284 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TTEK shares. KeyCorp reduced their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $47.92.

Tetra Tech Trading Down 2.6 %

Shares of NASDAQ TTEK traded down $0.80 during mid-day trading on Thursday, reaching $30.03. 606,863 shares of the company's stock were exchanged, compared to its average volume of 1,963,453. The company's 50-day moving average is $31.39 and its 200-day moving average is $39.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.54 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 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%. Analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is presently 24.21%.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Company Profile

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.