Strs Ohio Has $1.37 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Strs Ohio cut its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,208 shares of the industrial products company’s stock after selling 842 shares during the period. Strs Ohio’s holdings in Tetra Tech were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Tetra Tech in the 4th quarter worth $26,000. Millburn Ridgefield Corp acquired a new position in shares of Tetra Tech during the 3rd quarter worth about $37,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Tetra Tech during the 4th quarter worth about $89,000. Fifth Third Bancorp boosted its stake in shares of Tetra Tech by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 718 shares of the industrial products company’s stock worth $109,000 after buying an additional 202 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Tetra Tech during the 4th quarter worth about $211,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the transaction, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the transaction, the chief financial officer now directly owns 29,890 shares of the company’s stock, valued at approximately $5,250,776.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the transaction, the chief financial officer now directly owns 37,405 shares in the company, valued at $6,172,199.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTEK. KeyCorp began coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.25.

Tetra Tech Stock Down 0.3 %

Shares of TTEK stock opened at $184.08 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average is $183.42 and its 200-day moving average is $169.41. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 42.61 and a beta of 0.96. Tetra Tech, Inc. has a 52-week low of $132.29 and a 52-week high of $194.99.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period in the prior year, the firm earned $1.34 EPS. Sell-side analysts predict that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were issued a $0.26 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. Tetra Tech’s payout ratio is 24.07%.

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.