Tetra Tech, Inc. (NASDAQ:TTEK) Stake Boosted by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 404.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,553 shares of the industrial products company’s stock after buying an additional 3,651 shares during the quarter. TD Private Client Wealth LLC’s holdings in Tetra Tech were worth $215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its position in shares of Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 51 shares in the last quarter. ELCO Management Co. LLC raised its stake in Tetra Tech by 4.8% during the 2nd 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 boosted its position in shares of Tetra Tech by 4.8% in the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock worth $312,000 after buying an additional 70 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew 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 valued at $413,000 after buying an additional 77 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Tetra Tech by 0.8% during the second 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 period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of research reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Robert W. Baird upped their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Stock Performance

TTEK stock opened at $42.04 on Friday. The firm has a 50 day moving average of $45.61 and a two-hundred day moving average of $44.51. Tetra Tech, Inc. has a 12 month low of $31.61 and a 12 month high of $51.20. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 34.12 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.55%. Tetra Tech’s dividend payout ratio (DPR) is currently 18.67%.

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.