Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 393.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 390,476 shares of the industrial products company’s stock after buying an additional 311,338 shares during the quarter. Retirement Systems of Alabama owned approximately 0.15% of Tetra Tech worth $18,415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TTEK. CWM LLC grew its holdings in shares of Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after buying an additional 51 shares during the last quarter. ELCO Management Co. LLC increased its holdings in shares of Tetra Tech by 4.8% in the second quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc raised its stake in shares of Tetra Tech by 4.8% during the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 70 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Tetra Tech by 4.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 77 shares during the period. Finally, Victory Capital Management Inc. grew its position in Tetra Tech by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock valued at $2,296,000 after buying an additional 86 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 0.7 %

Shares of NASDAQ:TTEK opened at $42.04 on Friday. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20. The stock has a 50-day simple moving average of $45.61 and a 200-day simple moving average of $44.51. The stock has a market capitalization of $11.26 billion, a P/E ratio of 34.12 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Wednesday, November 27th. Tetra Tech’s payout ratio is 18.67%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTEK. Robert W. Baird lifted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp reduced their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.32.

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.