Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 365.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,138,716 shares of the industrial products company's stock after acquiring an additional 893,827 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.43% of Tetra Tech worth $53,739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in Tetra Tech by 7.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,613 shares of the industrial products company's stock worth $5,286,000 after acquiring an additional 2,096 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Tetra Tech by 90.8% during the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock worth $1,589,000 after purchasing an additional 4,096 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Tetra Tech during the first quarter worth about $208,000. GAMMA Investing LLC lifted its holdings in shares of Tetra Tech by 66.2% in the 2nd quarter. GAMMA Investing LLC now owns 502 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 200 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Tetra Tech by 298.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the industrial products company's stock worth $1,019,000 after buying an additional 3,733 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insiders Place Their Bets

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech 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 sale, the chief financial officer now owns 112,620 shares of the company's stock, 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. Company insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTEK. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp reduced 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. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Robert W. Baird upped their target price 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.32.

Tetra Tech Stock Performance

Shares of TTEK stock traded up $0.04 during mid-day trading on Friday, hitting $41.51. The stock had a trading volume of 1,335,703 shares, compared to its average volume of 2,900,699. The firm has a market cap of $11.11 billion, a PE ratio of 33.75 and a beta of 0.94. The company's 50-day simple moving average is $46.58 and its 200-day simple moving average is $44.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $51.20.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech's dividend payout ratio is presently 18.70%.

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.