Stifel Financial Corp Purchases 122,846 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Stifel Financial Corp lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 465.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,265 shares of the industrial products company's stock after buying an additional 122,846 shares during the period. Stifel Financial Corp owned approximately 0.06% of Tetra Tech worth $7,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Systematic Financial Management LP lifted its stake in Tetra Tech by 403.7% in the third quarter. Systematic Financial Management LP now owns 226,156 shares of the industrial products company's stock worth $10,666,000 after acquiring an additional 181,253 shares during the period. Quantinno Capital Management LP lifted its position in shares of Tetra Tech by 2,817.5% in the 3rd quarter. Quantinno Capital Management LP now owns 66,724 shares of the industrial products company's stock worth $3,147,000 after purchasing an additional 64,437 shares during the period. Quarry LP boosted its stake in shares of Tetra Tech by 1,863.3% during the 3rd quarter. Quarry LP now owns 5,183 shares of the industrial products company's stock valued at $244,000 after purchasing an additional 4,919 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Tetra Tech by 327.4% during the third quarter. Point72 Asset Management L.P. now owns 20,515 shares of the industrial products company's stock valued at $967,000 after buying an additional 15,715 shares during the period. Finally, Menard Financial Group LLC raised its stake in Tetra Tech by 452.4% in the third quarter. Menard Financial Group LLC now owns 13,937 shares of the industrial products company's stock worth $657,000 after buying an additional 11,414 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Up 0.7 %

Shares of TTEK traded up $0.29 on Friday, hitting $42.04. 1,464,536 shares of the stock traded hands, compared to its average volume of 2,319,112. The company has a market capitalization of $11.26 billion, a PE ratio of 34.12 and a beta of 0.88. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50 day simple moving average of $45.61 and a 200 day simple moving average of $44.51.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.058 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech's dividend payout ratio (DPR) is presently 18.67%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. KeyCorp reduced their target price on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. Robert W. Baird increased 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. Royal Bank of Canada restated an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Finally, StockNews.com lowered shares of 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 given a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of "Moderate Buy" and a consensus price target of $49.32.

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.