Cerity Partners LLC Has $40.41 Million Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Cerity Partners LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 395.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 856,842 shares of the industrial products company’s stock after purchasing an additional 683,830 shares during the quarter. Cerity Partners LLC’s holdings in Tetra Tech were worth $40,409,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Nwam LLC raised its stake in Tetra Tech by 231.9% during the third quarter. Nwam LLC now owns 19,725 shares of the industrial products company’s stock worth $930,000 after acquiring an additional 13,782 shares in the last quarter. Otter Creek Advisors LLC raised its stake in Tetra Tech by 615.4% during the third quarter. Otter Creek Advisors LLC now owns 144,660 shares of the industrial products company’s stock worth $6,822,000 after acquiring an additional 124,438 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Tetra Tech by 357.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock worth $97,644,000 after acquiring an additional 1,618,211 shares in the last quarter. Navellier & Associates Inc. raised its stake in Tetra Tech by 280.3% during the third quarter. Navellier & Associates Inc. now owns 9,960 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 7,341 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Tetra Tech during the third quarter worth $600,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Tetra Tech stock opened at $40.96 on Friday. The business’s 50-day simple moving average is $47.06 and its 200 day simple moving average is $44.62. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 33.25 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s dividend payout ratio is 18.67%.

Insider Activity at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 over the last 90 days. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTEK. Robert W. Baird increased their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp decreased their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.32.

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.