Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 578.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,785 shares of the industrial products company’s stock after buying an additional 123,458 shares during the period. Algert Global LLC’s holdings in Tetra Tech were worth $6,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 31,445 shares in the last quarter. Arkadios Wealth Advisors grew its position in Tetra Tech by 615.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 19,193 shares in the last quarter. SFE Investment Counsel grew its position in Tetra Tech by 374.8% in the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after buying an additional 28,679 shares in the last quarter. US Bancorp DE grew its position in Tetra Tech by 401.8% in the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock valued at $806,000 after buying an additional 13,687 shares in the last quarter. Finally, VELA Investment Management LLC grew its position in Tetra Tech by 703.9% in the 3rd quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock valued at $2,759,000 after buying an additional 51,232 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTEK shares. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird raised their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, KeyCorp reduced their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Trading Up 0.4 %

NASDAQ TTEK opened at $40.96 on Friday. The company has a market capitalization of $10.97 billion, a PE ratio of 33.25 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $30.92 and a 1-year high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $47.06 and its 200-day simple moving average is $44.62.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.67%.

Insider Transactions at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the transaction, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock valued at $5,633,239 in the last three months. Corporate insiders own 0.61% of the company’s stock.

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.