Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,595 shares of the industrial products company's stock after acquiring an additional 11,530 shares during the quarter. Treasurer of the State of North Carolina owned 0.05% of Tetra Tech worth $5,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Tetra Tech in the 4th quarter valued at $39,000. Asset Planning Inc acquired a new stake in shares of Tetra Tech during the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its position 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 valued at $40,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. raised its position in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after buying an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Tetra Tech in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech 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 transaction of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by company insiders.

Tetra Tech Price Performance

Shares of TTEK traded up $0.37 during mid-day trading on Friday, reaching $30.22. 1,045,189 shares of the company's stock were exchanged, compared to its average volume of 2,009,772. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $29.67 and a two-hundred day simple moving average of $38.37. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 31.74 and a beta of 0.89.

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

Tetra Tech Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp cut their price target on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.72.

About Tetra Tech

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.