57,477 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,477 shares of the industrial products company’s stock, valued at approximately $2,290,000.

Several other large investors have also recently modified their holdings of TTEK. Geode Capital Management LLC grew 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 purchasing an additional 3,785,189 shares during the last quarter. Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter valued at about $121,390,000. King Luther Capital Management Corp increased its stake in shares of Tetra Tech by 324.0% in the fourth 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 period. Rockefeller Capital Management L.P. raised its position in shares of Tetra Tech by 365.0% during the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock worth $53,739,000 after acquiring an additional 893,827 shares during the last quarter. Finally, Wellington Management Group LLP lifted 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 acquiring an additional 846,284 shares during the period. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, KeyCorp dropped their target price on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Tetra Tech Price Performance

Tetra Tech stock opened at $29.15 on Friday. The stock’s 50 day moving average price is $32.13 and its two-hundred day moving average price is $40.16. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 30.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping 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, equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors 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 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is currently 24.21%.

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Tetra Tech 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.