Sequoia Financial Advisors LLC Takes $873,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Sequoia Financial Advisors LLC bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,232 shares of the industrial products company’s stock, valued at approximately $873,000.

A number of other large investors have also recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its stake in shares of Tetra Tech by 3.5% during the 4th quarter. Bleakley Financial Group LLC now owns 23,418 shares of the industrial products company’s stock valued at $3,909,000 after purchasing an additional 791 shares in the last quarter. Equitable Trust Co. purchased a new stake in Tetra Tech in the fourth quarter worth about $285,000. Nisa Investment Advisors LLC grew its holdings in Tetra Tech by 1.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 26,540 shares of the industrial products company’s stock worth $4,430,000 after purchasing an additional 400 shares during the period. Alpine Woods Capital Investors LLC grew 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 worth $9,469,000 after purchasing an additional 369 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in Tetra Tech by 2.5% in the fourth quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock worth $511,000 after purchasing an additional 74 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Down 1.0 %

NASDAQ:TTEK opened at $192.00 on Monday. The company’s 50 day moving average price is $181.85 and its 200-day moving average price is $168.16. Tetra Tech, Inc. has a 52 week low of $132.29 and a 52 week high of $194.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 44.44 and a beta of 0.96.

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

Tetra Tech Dividend Announcement

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

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the transaction, the senior vice president now owns 8,360 shares in the company, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,123 shares of company stock worth $5,487,673 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.