World Investment Advisors LLC Grows Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

World Investment Advisors LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 393.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,680 shares of the industrial products company’s stock after buying an additional 4,530 shares during the quarter. World Investment Advisors LLC’s holdings in Tetra Tech were worth $268,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its holdings in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 472 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Tetra Tech during the 2nd quarter worth approximately $28,000. Venturi Wealth Management LLC increased its stake in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 587 shares in the last quarter. Finally, Canton Hathaway LLC raised its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tetra Tech Price Performance

NASDAQ:TTEK opened at $40.77 on Thursday. The stock’s fifty day moving average is $45.31 and its two-hundred day moving average is $44.49. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $10.92 billion, a P/E ratio of 33.09 and a beta of 0.88. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.57%. Tetra Tech’s payout ratio is presently 18.70%.

About Tetra Tech

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.