Segall Bryant & Hamill LLC Grows Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Segall Bryant & Hamill LLC raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 323.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 661,134 shares of the industrial products company's stock after acquiring an additional 504,927 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.25% of Tetra Tech worth $31,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of TTEK. Banque Cantonale Vaudoise bought a new position in shares of Tetra Tech during the 2nd quarter worth $28,000. EverSource Wealth Advisors LLC grew its position in shares of Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock worth $44,000 after buying an additional 174 shares in the last quarter. Family Firm Inc. bought a new position in shares of Tetra Tech during the 2nd quarter worth $51,000. Quarry LP bought a new position in shares of Tetra Tech during the 2nd quarter worth $54,000. Finally, 1832 Asset Management L.P. grew its position in shares of Tetra Tech by 125.8% during the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company's stock worth $50,000 after buying an additional 151 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

TTEK has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp decreased their price objective 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. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Finally, StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating 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 company's stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.32.

Insider Buying and Selling

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares of the company's stock, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares in the company, valued at approximately $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. Insiders have sold a total of 121,750 shares of company stock valued at $5,633,239 over the last ninety days. Company insiders own 0.61% of the company's stock.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded down $0.59 during trading on Wednesday, hitting $40.15. The stock had a trading volume of 1,075,432 shares, compared to its average volume of 1,469,369. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of 33.07 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $47.40 and a two-hundred day simple moving average of $44.61.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is 18.67%.

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.