Caldwell Investment Management Ltd. Acquires 37,200 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Caldwell Investment Management Ltd. boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 400.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,500 shares of the industrial products company's stock after purchasing an additional 37,200 shares during the period. Tetra Tech comprises approximately 1.5% of Caldwell Investment Management Ltd.'s portfolio, making the stock its 12th biggest holding. Caldwell Investment Management Ltd.'s holdings in Tetra Tech were worth $2,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its position in shares of Tetra Tech by 43.3% in the first quarter. US Bancorp DE now owns 3,270 shares of the industrial products company's stock valued at $604,000 after purchasing an additional 988 shares during the period. Vanguard Group Inc. lifted its position in shares of Tetra Tech by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company's stock worth $954,684,000 after acquiring an additional 14,701 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Tetra Tech by 355.8% in the first quarter. Edgestream Partners L.P. now owns 9,302 shares of the industrial products company's stock worth $1,718,000 after acquiring an additional 7,261 shares during the period. Covestor Ltd grew its position in shares of Tetra Tech by 421.1% in the first quarter. Covestor Ltd now owns 495 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 400 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Tetra Tech by 7.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,742 shares of the industrial products company's stock worth $1,061,000 after purchasing an additional 404 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday. Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. KeyCorp cut their price target on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a report on Friday. Finally, StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.32.

Insider Activity

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech 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. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by insiders.

Tetra Tech Price Performance

Shares of Tetra Tech stock traded down $0.38 on Tuesday, hitting $40.74. 2,597,499 shares of the company traded hands, compared to its average volume of 1,471,379. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month 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 company has a market cap of $10.90 billion, a P/E ratio of 33.07 and a beta of 0.94. The firm's 50-day simple moving average is $47.40 and its 200 day simple moving average is $44.61.

Tetra Tech Dividend Announcement

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

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.