Sanctuary Advisors LLC Grows Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Sanctuary Advisors LLC grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 439.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,902 shares of the industrial products company's stock after buying an additional 22,732 shares during the quarter. Sanctuary Advisors LLC's holdings in Tetra Tech were worth $1,316,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. ELCO Management Co. LLC boosted its position in Tetra Tech by 4.8% during the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company's stock worth $268,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc grew its stake in shares of Tetra Tech by 4.8% in the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company's stock worth $312,000 after purchasing an additional 70 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Tetra Tech by 4.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company's stock valued at $413,000 after purchasing an additional 77 shares during the period. Victory Capital Management Inc. raised its position in Tetra Tech by 0.8% during the 2nd quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company's stock worth $2,296,000 after purchasing an additional 86 shares during the last quarter. Finally, WR Wealth Planners LLC grew its position in shares of Tetra Tech by 3.3% in the 2nd quarter. WR Wealth Planners LLC now owns 3,169 shares of the industrial products company's stock valued at $648,000 after buying an additional 100 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tetra Tech Stock Down 0.2 %

Shares of NASDAQ:TTEK traded down $0.10 during trading on Friday, reaching $40.20. 4,403,491 shares of the stock were exchanged, compared to its average volume of 1,543,784. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average of $44.79 and a two-hundred day moving average of $44.46. Tetra Tech, Inc. has a 1-year low of $31.61 and a 1-year high of $51.20. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 32.63 and a beta of 0.88.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.058 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.58%. Tetra Tech's dividend payout ratio (DPR) is currently 18.70%.

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.