Mutual of America Capital Management LLC Buys 113,934 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Mutual of America Capital Management LLC raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 372.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,564 shares of the industrial products company's stock after buying an additional 113,934 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Tetra Tech worth $6,818,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position 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 buying an additional 31,445 shares during the period. Arkadios Wealth Advisors boosted its position 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 buying an additional 19,193 shares during the period. SFE Investment Counsel boosted its position in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company's stock valued at $1,713,000 after buying an additional 28,679 shares during the period. US Bancorp DE boosted its position in Tetra Tech by 401.8% during the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company's stock valued at $806,000 after buying an additional 13,687 shares during the period. Finally, VELA Investment Management LLC lifted its position in shares of Tetra Tech by 703.9% in the 3rd quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company's stock worth $2,759,000 after purchasing an additional 51,232 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares of the company's stock, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp dropped their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday. Robert W. Baird raised their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.32.

Tetra Tech Stock Down 0.5 %

NASDAQ TTEK traded down $0.20 during trading hours on Tuesday, reaching $40.92. 1,202,991 shares of the company's stock traded hands, compared to its average volume of 1,465,154. Tetra Tech, Inc. has a 52-week low of $30.92 and a 52-week high of $51.20. The firm has a market cap of $10.95 billion, a PE ratio of 33.38 and a beta of 0.94. The firm has a 50-day simple moving average of $47.60 and a 200 day simple moving average of $44.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.21.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.57%. Tetra Tech's dividend payout ratio is currently 18.67%.

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.