Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,620 shares of the industrial products company’s stock after selling 4,215 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of Tetra Tech worth $5,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTEK. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Tetra Tech in the second quarter valued at about $29,000. Meeder Asset Management Inc. lifted its position in shares of Tetra Tech by 165.9% in the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after buying an additional 151 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Tetra Tech in the third quarter worth about $37,000. ST Germain D J Co. Inc. acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $38,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Tetra Tech by 79.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 241 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 559 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $165.50, for a total transaction of $92,514.50. Following the completion of the sale, the director now directly owns 11,608 shares in the company, valued at $1,921,124. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Kirsten M. Volpi sold 559 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $165.50, for a total value of $92,514.50. Following the transaction, the director now owns 11,608 shares of the company’s stock, valued at approximately $1,921,124. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The disclosure for this sale can be found here. Insiders sold a total of 47,760 shares of company stock worth $7,794,178 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTEK shares. Robert W. Baird boosted their price objective on Tetra Tech from $172.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, November 16th. Royal Bank of Canada upped their price target on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, KeyCorp began coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price target for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $197.25.

Read Our Latest Stock Report on TTEK

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $178.08 on Monday. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 41.22 and a beta of 0.95. The stock’s 50-day moving average is $165.34 and its 200-day moving average is $161.11. Tetra Tech, Inc. has a one year low of $131.19 and a one year high of $178.65. 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:TTEKGet Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the previous year, the business earned $1.34 earnings per share. Equities analysts predict that Tetra Tech, Inc. will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, February 13th. Tetra Tech’s dividend payout ratio is presently 24.07%.

About Tetra Tech

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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