Captrust Financial Advisors Raises Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Captrust Financial Advisors grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 463.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,724 shares of the industrial products company's stock after acquiring an additional 20,338 shares during the quarter. Captrust Financial Advisors' holdings in Tetra Tech were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TTEK. Cetera Investment Advisers grew its position in Tetra Tech by 90.8% during the 1st quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock worth $1,589,000 after acquiring an additional 4,096 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of Tetra Tech in the first quarter worth approximately $208,000. CWM LLC increased its stake in shares of Tetra Tech by 20.2% in the second quarter. CWM LLC now owns 304 shares of the industrial products company's stock worth $62,000 after buying an additional 51 shares during the period. SG Americas Securities LLC raised its holdings in Tetra Tech by 510.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,759 shares of the industrial products company's stock valued at $1,587,000 after buying an additional 6,489 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Tetra Tech by 74.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,513 shares of the industrial products company's stock worth $1,945,000 after acquiring an additional 4,053 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on TTEK shares. KeyCorp lowered their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird upped their target price on 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.32.

Insider Activity at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares of the company's stock, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 in the last three months. Company insiders own 0.61% of the company's stock.

Tetra Tech Stock Down 0.9 %

TTEK stock traded down $0.39 during midday trading on Monday, hitting $42.30. The stock had a trading volume of 1,822,603 shares, compared to its average volume of 1,523,065. The business has a 50-day moving average of $46.05 and a two-hundred day moving average of $44.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 34.33 and a beta of 0.89. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech's payout ratio is 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.