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

Sanctuary Advisors LLC boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 439.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,902 shares of the industrial products company's stock after purchasing an additional 22,732 shares during the period. Sanctuary Advisors LLC's holdings in Tetra Tech were worth $1,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TTEK. Capstone Capital LLC boosted its stake in Tetra Tech by 400.0% during the third quarter. Capstone Capital LLC now owns 5,075 shares of the industrial products company's stock worth $239,000 after buying an additional 4,060 shares during the period. Virtu Financial LLC purchased a new position in shares of Tetra Tech during the 3rd quarter worth approximately $285,000. TD Private Client Wealth LLC increased its holdings in Tetra Tech by 404.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,553 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 3,651 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Tetra Tech by 386.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 83,535 shares of the industrial products company's stock valued at $3,940,000 after purchasing an additional 66,358 shares during the period. Finally, TT International Asset Management LTD lifted its stake in Tetra Tech by 43.7% during the third quarter. TT International Asset Management LTD now owns 21,233 shares of the industrial products company's stock worth $1,001,000 after purchasing an additional 6,460 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Down 0.2 %

Shares of NASDAQ:TTEK opened at $40.20 on Friday. The firm has a 50 day simple moving average of $44.79 and a 200-day simple moving average of $44.46. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $10.76 billion, a PE ratio of 32.63 and a beta of 0.88.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech's payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTEK. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. KeyCorp cut their price target on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Robert W. Baird raised their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.