Teacher Retirement System of Texas Grows Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Teacher Retirement System of Texas lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 130.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,025 shares of the industrial products company's stock after purchasing an additional 783,736 shares during the period. Teacher Retirement System of Texas owned about 0.52% of Tetra Tech worth $55,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in Tetra Tech by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock worth $2,172,000 after acquiring an additional 400 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock worth $1,809,000 after acquiring an additional 411 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Tetra Tech by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock valued at $331,000 after buying an additional 438 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after acquiring an additional 461 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

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Analyst Ratings Changes

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

Insider Activity

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the 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 sale, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company's stock.

Tetra Tech Trading Up 0.2 %

NASDAQ TTEK traded up $0.07 on Tuesday, reaching $29.44. The stock had a trading volume of 2,035,653 shares, compared to its average volume of 1,906,159. Tetra Tech, Inc. has a 12-month low of $28.17 and a 12-month high of $51.20. The stock has a fifty day moving average price of $33.16 and a two-hundred day moving average price of $40.68. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 30.92 and a beta of 0.93. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech's dividend payout ratio is currently 24.21%.

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.