Impax Asset Management Group plc Purchases 12,552 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Impax Asset Management Group plc boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 400.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,690 shares of the industrial products company's stock after acquiring an additional 12,552 shares during the period. Impax Asset Management Group plc's holdings in Tetra Tech were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE grew its position in shares of Tetra Tech by 43.3% in the first quarter. US Bancorp DE now owns 3,270 shares of the industrial products company's stock valued at $604,000 after purchasing an additional 988 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tetra Tech by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company's stock worth $954,684,000 after buying an additional 14,701 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of Tetra Tech by 355.8% in the first quarter. Edgestream Partners L.P. now owns 9,302 shares of the industrial products company's stock valued at $1,718,000 after acquiring an additional 7,261 shares during the period. Covestor Ltd grew its stake in shares of Tetra Tech by 421.1% in the first quarter. Covestor Ltd now owns 495 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 400 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in Tetra Tech by 8.3% during the first quarter. Bahl & Gaynor Inc. now owns 41,546 shares of the industrial products company's stock worth $7,674,000 after acquiring an additional 3,200 shares during the period. 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 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 $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction dated 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 transaction, the executive vice president now directly owns 296,015 shares in the company, valued at $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 worth $5,633,239 in the last three months. 0.61% of the stock is owned by corporate insiders.

Tetra Tech Price Performance

NASDAQ TTEK traded up $0.31 on Friday, hitting $41.27. 4,176,228 shares of the company's stock were exchanged, compared to its average volume of 2,323,584. The stock has a 50-day moving average of $47.60 and a 200-day moving average of $44.58. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 33.55 and a beta of 0.94. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.56%. Tetra Tech's payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTEK. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday. 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. 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. Finally, StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.