B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 61,325 Tetra Tech, Inc. (NASDAQ:TTEK)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 61,325 shares of the industrial products company's stock, valued at approximately $2,892,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after acquiring an additional 556 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Tetra Tech by 403.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 9,140 shares of the industrial products company's stock worth $431,000 after purchasing an additional 7,325 shares during the last quarter. Caprock Group LLC raised its holdings in shares of Tetra Tech by 452.6% in the 3rd quarter. Caprock Group LLC now owns 8,245 shares of the industrial products company's stock worth $389,000 after purchasing an additional 6,753 shares during the period. Caldwell Investment Management Ltd. lifted its stake in Tetra Tech by 400.0% in the third quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company's stock valued at $2,157,000 after purchasing an additional 37,200 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Tetra Tech by 371.6% during the third quarter. Pathstone Holdings LLC now owns 112,601 shares of the industrial products company's stock valued at $5,310,000 after purchasing an additional 88,726 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

TTEK opened at $40.22 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.21. The stock's 50 day simple moving average is $47.27 and its 200 day simple moving average is $44.63. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 32.65 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.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, November 27th. Tetra Tech's dividend payout ratio is 18.67%.

Insider Buying and Selling

In related news, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares of the company's stock, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % 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 valued at $5,633,239 over the last three months. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TTEK. KeyCorp cut their price target on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, November 15th. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Robert W. Baird boosted their price target 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, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $49.32.

Tetra Tech Company 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.