D.A. Davidson & CO. Purchases 32,438 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

D.A. Davidson & CO. raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 402.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,493 shares of the industrial products company's stock after buying an additional 32,438 shares during the quarter. D.A. Davidson & CO.'s holdings in Tetra Tech were worth $1,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTEK. Price T Rowe Associates Inc. MD grew its holdings in Tetra Tech by 7.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,613 shares of the industrial products company's stock valued at $5,286,000 after buying an additional 2,096 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of 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 purchasing an additional 4,096 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Tetra Tech during the 1st quarter worth approximately $208,000. GAMMA Investing LLC grew its holdings in shares of Tetra Tech by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 502 shares of the industrial products company's stock worth $103,000 after purchasing an additional 200 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Tetra Tech by 298.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the industrial products company's stock worth $1,019,000 after purchasing an additional 3,733 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Buying and Selling

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 over the last three months. Company insiders own 0.61% of the company's stock.

Tetra Tech Trading Up 0.1 %

Shares of NASDAQ TTEK traded up $0.04 during midday trading on Friday, hitting $41.51. The stock had a trading volume of 1,335,703 shares, compared to its average volume of 2,900,699. The company's 50-day simple moving average is $46.58 and its 200 day simple moving average is $44.58. The firm has a market cap of $11.11 billion, a P/E ratio of 33.75 and a beta of 0.94. Tetra Tech, Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.56%. Tetra Tech's dividend payout ratio (DPR) is presently 18.70%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. KeyCorp cut their target price on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. Finally, Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech has an average rating of "Moderate Buy" and an average target price of $49.32.

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.