Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 353.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 914,550 shares of the industrial products company's stock after buying an additional 712,970 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.34% of Tetra Tech worth $43,130,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Tetra Tech by 90.8% in the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock valued at $1,589,000 after acquiring an additional 4,096 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Tetra Tech during the first quarter worth about $208,000. CWM LLC grew its stake in Tetra Tech by 20.2% in 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 in the last quarter. SG Americas Securities LLC increased its holdings in Tetra Tech by 510.9% in the second quarter. SG Americas Securities LLC now owns 7,759 shares of the industrial products company's stock valued at $1,587,000 after buying an additional 6,489 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in Tetra Tech by 74.2% during the second quarter. Sequoia Financial Advisors LLC now owns 9,513 shares of the industrial products company's stock valued at $1,945,000 after buying an additional 4,053 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

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 in the company, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The transaction 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 business's stock in a transaction that occurred 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 sale, 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. 0.61% of the stock is owned by insiders.

Tetra Tech Stock Performance

Shares of TTEK traded up $0.11 during midday trading on Tuesday, hitting $42.41. 1,464,197 shares of the stock traded hands, compared to its average volume of 1,522,818. The business's 50 day moving average price is $45.96 and its two-hundred day moving average price is $44.54. The firm has a market capitalization of $11.35 billion, a PE ratio of 34.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a 1-year low of $31.61 and a 1-year high of $51.20.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech's dividend payout ratio is presently 18.67%.

Analyst Ratings Changes

Several research analysts have recently commented on TTEK shares. KeyCorp decreased 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech 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 lifted their price target 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.

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.