Fisher Asset Management LLC Buys 616,952 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Fisher Asset Management LLC lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 512.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,394 shares of the industrial products company's stock after buying an additional 616,952 shares during the quarter. Fisher Asset Management LLC owned about 0.28% of Tetra Tech worth $34,776,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Tetra Tech by 629.3% in the third 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% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Tetra Tech during the second quarter worth about $28,000. Venturi Wealth Management LLC increased its position in Tetra Tech by 3,261.1% during 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 last quarter. Finally, USA Financial Formulas raised its stake in Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company's stock valued at $33,000 after buying an additional 545 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tetra Tech Stock Performance

Shares of TTEK traded up $0.08 during mid-day trading on Wednesday, hitting $41.66. 944,346 shares of the company's stock were exchanged, compared to its average volume of 1,502,989. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20. The stock's 50-day simple moving average is $46.86 and its 200-day simple moving average is $44.61. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of 33.80 and a beta of 0.94.

Tetra Tech Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech's dividend payout ratio (DPR) is presently 18.67%.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech 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 completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. This represents a 24.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock valued at $5,633,239 in the last three months. Corporate insiders own 0.61% of the company's stock.

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.