Public Employees Retirement System of Ohio increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 45.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,299 shares of the industrial products company’s stock after acquiring an additional 8,570 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tetra Tech were worth $1,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Tetra Tech by 0.5% during the second quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock valued at $239,585,000 after acquiring an additional 23,972 shares during the period. State Street Corp grew its position in Tetra Tech by 5.2% during the second quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares in the last quarter. Northern Trust Corp grew its position in Tetra Tech by 2.2% during the second quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock valued at $49,203,000 after purchasing an additional 23,510 shares in the last quarter. Boston Partners grew its position in Tetra Tech by 2.2% during the third quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock valued at $48,109,000 after purchasing an additional 22,718 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in Tetra Tech by 1.4% during the third quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock valued at $36,471,000 after purchasing an additional 10,692 shares in the last quarter. Institutional investors and hedge funds own 84.73% of the company’s stock.

Tetra Tech, Inc. (TTEK) opened at $48.70 on Friday. Tetra Tech, Inc. has a 1 year low of $38.85 and a 1 year high of $50.90. The company has a market cap of $2,688.61, a P/E ratio of 23.87, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. equities analysts anticipate that Tetra Tech, Inc. will post 2.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date was Wednesday, November 29th. Tetra Tech’s dividend payout ratio is 19.61%.

A number of brokerages recently commented on TTEK. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Robert W. Baird boosted their price objective on shares of Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Boenning Scattergood reaffirmed a “buy” rating and set a $54.00 price objective on shares of Tetra Tech in a research report on Thursday, November 9th. Finally, BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.29.

In other Tetra Tech news, CEO Dan L. Batrack sold 10,874 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $48.34, for a total value of $525,649.16. Following the completion of the sale, the chief executive officer now directly owns 286,551 shares of the company’s stock, valued at $13,851,875.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dan L. Batrack sold 62,417 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $48.47, for a total transaction of $3,025,351.99. Following the completion of the sale, the chairman now directly owns 318,994 shares of the company’s stock, valued at $15,461,639.18. The disclosure for this sale can be found here. Insiders sold 232,019 shares of company stock valued at $11,385,910 over the last three months. Insiders own 3.80% of the company’s stock.

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About Tetra Tech

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

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

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