Tetra Tech, Inc. (NASDAQ:TTEK) Position Increased by Centiva Capital LP

Centiva Capital LP increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1,911.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,355 shares of the industrial products company's stock after buying an additional 45,001 shares during the period. Centiva Capital LP's holdings in Tetra Tech were worth $2,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sarasin & Partners LLP raised its stake in shares of Tetra Tech by 330.9% in the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after purchasing an additional 3,801,435 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Tetra Tech by 387.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock worth $155,601,000 after buying an additional 2,622,288 shares during the last quarter. abrdn plc boosted its holdings in Tetra Tech by 353.0% in the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock worth $98,477,000 after purchasing an additional 1,644,267 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after buying an additional 1,618,211 shares during the period. Finally, Copeland Capital Management LLC grew its position in shares of Tetra Tech by 289.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company's stock valued at $86,032,000 after buying an additional 1,355,351 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction that occurred on 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. The trade was a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Tetra Tech Price Performance

Shares of TTEK stock traded up $0.61 during midday trading on Tuesday, reaching $42.38. 1,578,236 shares of the company were exchanged, compared to its average volume of 1,508,701. The company's 50 day moving average price is $46.48 and its two-hundred day moving average price is $44.58. The company has a market cap of $11.35 billion, a P/E ratio of 33.90 and a beta of 0.89. Tetra Tech, Inc. has a 12 month low of $31.61 and a 12 month high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, November 27th. Tetra Tech's payout ratio is currently 18.67%.

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.