California Public Employees Retirement System Sells 3,846 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

California Public Employees Retirement System reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 104,506 shares of the industrial products company’s stock after selling 3,846 shares during the period. California Public Employees Retirement System’s holdings in Tetra Tech were worth $17,445,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TTEK. Arkadios Wealth Advisors increased 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 in the last quarter. Guinness Asset Management LTD lifted its holdings in Tetra Tech by 2.6% during the third quarter. Guinness Asset Management LTD now owns 3,332 shares of the industrial products company’s stock worth $507,000 after acquiring an additional 83 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Tetra Tech by 2.0% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 4,320 shares of the industrial products company’s stock worth $654,000 after buying an additional 86 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Tetra Tech by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock valued at $2,138,000 after acquiring an additional 100 shares during the period. Finally, Tributary Capital Management LLC grew its holdings in Tetra Tech by 1.9% during the fourth quarter. Tributary Capital Management LLC now owns 6,379 shares of the industrial products company’s stock valued at $1,065,000 after purchasing an additional 120 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 5,580 shares of the business’s stock in a transaction 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 $1,475,707.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Steven M. Burdick sold 7,128 shares of the firm’s 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 directly owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Brian N. Carter sold 5,580 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,123 shares of company stock worth $5,487,673. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TTEK shares. KeyCorp started coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective for the company. Royal Bank of Canada raised their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $197.25.

Tetra Tech Trading Up 0.4 %

Shares of NASDAQ TTEK opened at $193.20 on Tuesday. The stock has a market cap of $10.34 billion, a P/E ratio of 44.72 and a beta of 0.96. The firm has a 50-day moving average of $184.83 and a 200 day moving average of $170.68. Tetra Tech, Inc. has a 1 year low of $132.29 and a 1 year high of $194.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25.

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

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.