Quantinno Capital Management LP Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Quantinno Capital Management LP boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2,817.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,724 shares of the industrial products company's stock after purchasing an additional 64,437 shares during the period. Quantinno Capital Management LP's holdings in Tetra Tech were worth $3,147,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sarasin & Partners LLP boosted its stake in Tetra Tech by 330.9% in the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after acquiring an additional 3,801,435 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock worth $155,601,000 after purchasing an additional 2,622,288 shares in the last quarter. abrdn plc boosted its stake in Tetra Tech by 353.0% during the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock valued at $98,477,000 after buying an additional 1,644,267 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after acquiring an additional 1,618,211 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in Tetra Tech by 289.0% in the third quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company's stock valued at $86,032,000 after purchasing an additional 1,355,351 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Up 0.1 %

Shares of TTEK stock traded up $0.04 during mid-day trading on Tuesday, reaching $42.34. The stock had a trading volume of 733,741 shares, compared to its average volume of 1,519,484. The firm has a market capitalization of $11.34 billion, a PE ratio of 34.33 and a beta of 0.89. The stock's 50-day moving average price is $46.05 and its two-hundred day moving average price is $44.55. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20.

Tetra Tech Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the sale, the chief financial officer now owns 112,620 shares in the company, valued at approximately $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

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.