Nisa Investment Advisors LLC Boosts Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Nisa Investment Advisors LLC boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,540 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Tetra Tech were worth $4,430,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Alpine Woods Capital Investors LLC raised its holdings in Tetra Tech by 0.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 56,726 shares of the industrial products company’s stock valued at $9,469,000 after buying an additional 369 shares during the period. Arkadios Wealth Advisors raised its stake in shares of Tetra Tech by 2.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock valued at $511,000 after purchasing an additional 74 shares during the period. International Assets Investment Management LLC raised its stake in shares of Tetra Tech by 16,621.9% during the fourth quarter. International Assets Investment Management LLC now owns 221,064 shares of the industrial products company’s stock valued at $36,902,000 after purchasing an additional 219,742 shares during the period. State of Michigan Retirement System raised its stake in shares of Tetra Tech by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock valued at $2,138,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Tetra Tech by 36.8% during the fourth quarter. Fifth Third Bancorp now owns 982 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Tetra Tech stock opened at $194.00 on Friday. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $194.99. The company has a market cap of $10.38 billion, a PE ratio of 44.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average price of $181.33 and a two-hundred day moving average price of $167.70.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. Research analysts expect that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is 24.07%.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 8,400 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now owns 14,485 shares of the company’s stock, valued at $2,390,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares in the company, valued at $2,390,025. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven M. Burdick sold 7,128 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $5,487,673 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.