Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 344.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,973 shares of the industrial products company's stock after acquiring an additional 15,475 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Tetra Tech were worth $942,000 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 the stock. Banque Cantonale Vaudoise purchased a new stake in shares of Tetra Tech during the second quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in Tetra Tech by 561.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock worth $44,000 after acquiring an additional 174 shares during the period. Family Firm Inc. acquired a new position in Tetra Tech in the 2nd quarter valued at $51,000. Quarry LP purchased a new position in shares of Tetra Tech during the 2nd quarter worth $54,000. Finally, CWM LLC boosted its holdings in shares of Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company's stock worth $62,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Trading Down 0.8 %

Shares of NASDAQ TTEK traded down $0.34 during midday trading on Monday, hitting $42.35. The stock had a trading volume of 874,362 shares, compared to its average volume of 1,518,809. 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 1-year low of $31.61 and a 1-year high of $51.20. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 34.65 and a beta of 0.89. The company has a fifty day moving average price of $46.14 and a 200 day moving average price of $44.56.

Tetra Tech Announces Dividend

The firm also recently announced 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. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech's dividend payout ratio is presently 18.67%.

Analyst Ratings Changes

Several research firms recently commented on TTEK. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. 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 research note on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock 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.