Financial Counselors Inc. Purchases 12,612 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Financial Counselors Inc. boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 400.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,765 shares of the industrial products company's stock after buying an additional 12,612 shares during the period. Financial Counselors Inc.'s holdings in Tetra Tech were worth $743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after buying an additional 444 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech in the second quarter worth about $28,000. Venturi Wealth Management LLC boosted its holdings in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after buying an additional 587 shares during the period. Finally, Canton Hathaway LLC boosted its holdings in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after buying an additional 516 shares during the period. Institutional investors own 93.89% of the company's stock.

Insider Buying and Selling

In related news, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now owns 112,620 shares of the company's stock, valued at approximately $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm'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 transaction, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, November 15th. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Robert W. Baird raised 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.32.

Tetra Tech Stock Up 0.1 %

Shares of TTEK stock traded up $0.04 during trading on Friday, hitting $41.51. 1,335,703 shares of the company were exchanged, compared to its average volume of 2,900,699. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 33.69 and a beta of 0.94. The business's 50-day simple moving average is $46.58 and its 200 day simple moving average is $44.58. Tetra Tech, Inc. has a twelve month low of $30.92 and a twelve month high of $51.20.

Tetra Tech Dividend Announcement

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