Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Lifted by Premier Fund Managers Ltd

Premier Fund Managers Ltd grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 400.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,500,000 shares of the industrial products company's stock after buying an additional 1,200,000 shares during the quarter. Tetra Tech accounts for about 2.5% of Premier Fund Managers Ltd's investment portfolio, making the stock its 8th biggest position. Premier Fund Managers Ltd owned 0.56% of Tetra Tech worth $69,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in Tetra Tech by 470.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 22,982 shares of the industrial products company's stock worth $1,084,000 after buying an additional 18,955 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Tetra Tech during the third quarter worth approximately $2,892,000. Banque Cantonale Vaudoise raised its stake in shares of Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 556 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Tetra Tech by 403.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 9,140 shares of the industrial products company's stock valued at $431,000 after purchasing an additional 7,325 shares during the period. Finally, Caprock Group LLC grew its stake in Tetra Tech by 452.6% in the third quarter. Caprock Group LLC now owns 8,245 shares of the industrial products company's stock worth $389,000 after purchasing an additional 6,753 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the company's stock in a transaction on 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 $5,244,713.40. This represents a 24.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 over the last 90 days. 0.61% of the stock is owned by company insiders.

Tetra Tech Trading Down 0.9 %

Shares of TTEK stock traded down $0.37 on Wednesday, hitting $40.37. 653,560 shares of the stock traded hands, compared to its average volume of 1,467,746. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.25. Tetra Tech, Inc. has a twelve month low of $30.92 and a twelve month high of $51.20. The firm's 50-day moving average price is $47.40 and its two-hundred day moving average price is $44.61. The stock has a market capitalization of $10.81 billion, a PE ratio of 33.07 and a beta of 0.94.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.57%. Tetra Tech's dividend payout ratio (DPR) is currently 18.67%.

Wall Street Analysts Forecast Growth

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

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.