New York Life Investment Management LLC Has $928,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

New York Life Investment Management LLC reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,558 shares of the industrial products company’s stock after selling 72 shares during the quarter. New York Life Investment Management LLC’s holdings in Tetra Tech were worth $928,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TTEK. Stifel Financial Corp increased its stake in shares of Tetra Tech by 10.7% in the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company’s stock worth $4,077,000 after acquiring an additional 2,593 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Tetra Tech by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company’s stock worth $12,921,000 after acquiring an additional 205 shares during the last quarter. WCM Investment Management LLC increased its stake in shares of Tetra Tech by 2.5% in the fourth quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock worth $57,127,000 after acquiring an additional 8,394 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Tetra Tech by 95.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company’s stock worth $2,733,000 after acquiring an additional 8,791 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Tetra Tech in the fourth quarter worth $82,209,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares in the company, valued at $5,250,776.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares in the company, valued at $5,250,776.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J Kenneth Thompson sold 3,500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $1,946,981.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,595 shares of company stock worth $2,925,482. Company insiders own 0.61% of the company’s stock.

Tetra Tech Stock Down 0.5 %

TTEK stock opened at $211.88 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.24 and a quick ratio of 1.25. Tetra Tech, Inc. has a 52-week low of $132.29 and a 52-week high of $216.24. The company has a 50-day moving average of $188.80 and a two-hundred day moving average of $172.78. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 42.89 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 6.2 EPS for the current year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, May 17th. This is a boost from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent research reports. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Royal Bank of Canada upped their price objective on shares of Tetra Tech from $203.00 to $233.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Maxim Group upped their price objective on shares of Tetra Tech from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. KeyCorp upped their price objective on shares of Tetra Tech from $209.00 to $219.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Finally, Robert W. Baird upped their price objective on shares of Tetra Tech from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $221.40.

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.