South Dakota Investment Council Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

South Dakota Investment Council lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 7.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 100,270 shares of the industrial products company’s stock after acquiring an additional 6,900 shares during the period. South Dakota Investment Council’s holdings in Tetra Tech were worth $3,995,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new stake in shares of Tetra Tech during the fourth quarter worth about $4,463,000. Navellier & Associates Inc. lifted its holdings in shares of Tetra Tech by 31.0% during the fourth quarter. Navellier & Associates Inc. now owns 13,050 shares of the industrial products company’s stock worth $520,000 after purchasing an additional 3,090 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Tetra Tech by 8.4% during the fourth quarter. Handelsbanken Fonder AB now owns 68,345 shares of the industrial products company’s stock worth $2,723,000 after purchasing an additional 5,300 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of Tetra Tech by 44.9% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,036,856 shares of the industrial products company’s stock worth $41,308,000 after purchasing an additional 321,151 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Tetra Tech by 5.3% during the fourth quarter. New York State Common Retirement Fund now owns 647,808 shares of the industrial products company’s stock worth $25,809,000 after purchasing an additional 32,713 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.1 %

Shares of TTEK stock opened at $29.93 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $8.02 billion, a price-to-earnings ratio of 31.44 and a beta of 0.89. The stock has a 50 day simple moving average of $37.73 and a 200-day simple moving average of $43.15. Tetra Tech, Inc. has a 1-year low of $29.23 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech’s payout ratio is 24.21%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the business’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 completion of the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

TTEK has been the subject of a number of analyst reports. KeyCorp decreased their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Robert W. Baird upped their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.92.

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.