Sequoia Financial Advisors LLC Boosts Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Sequoia Financial Advisors LLC lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,158 shares of the industrial products company’s stock after buying an additional 2,848 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Tetra Tech were worth $2,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TTEK. Assetmark Inc. boosted its stake in shares of Tetra Tech by 495.6% in the third quarter. Assetmark Inc. now owns 4,729 shares of the industrial products company’s stock valued at $223,000 after buying an additional 3,935 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Tetra Tech by 321.9% in the third quarter. Atria Investments Inc now owns 7,114 shares of the industrial products company’s stock valued at $335,000 after buying an additional 5,428 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Tetra Tech in the third quarter valued at approximately $208,000. Crossmark Global Holdings Inc. boosted its stake in shares of Tetra Tech by 505.5% in the third quarter. Crossmark Global Holdings Inc. now owns 20,840 shares of the industrial products company’s stock valued at $982,000 after buying an additional 17,398 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Tetra Tech by 3,261.1% during the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TTEK. Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research report on Friday, January 31st. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp decreased their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Up 1.5 %

Shares of NASDAQ:TTEK opened at $29.12 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 52-week low of $28.17 and a 52-week high of $51.20. The stock’s fifty day simple moving average is $34.67 and its 200-day simple moving average is $41.54. The company has a market capitalization of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.80%. Tetra Tech’s payout ratio is currently 24.21%.

Tetra Tech 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.