Strategy Asset Managers LLC Makes New $1.01 Million Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Strategy Asset Managers LLC bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,335 shares of the industrial products company's stock, valued at approximately $1,006,000.

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP increased its holdings in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after buying an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Tetra Tech in the 2nd quarter worth approximately $28,000. Venturi Wealth Management LLC raised its holdings in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after buying an additional 587 shares during the period. Finally, USA Financial Formulas boosted its stake in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company's stock worth $33,000 after buying an additional 545 shares during the period. Institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TTEK shares. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp decreased 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 note on Friday, November 15th. Robert W. Baird increased their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Finally, StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report 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. According to MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and a consensus price target of $49.32.

Insider Buying and Selling

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 296,015 shares in the company, valued at $13,649,251.65. The trade was a 20.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares of the company's stock, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock worth $5,633,239 in the last 90 days. Insiders own 0.61% of the company's stock.

Tetra Tech Stock Down 1.4 %

TTEK traded down $0.56 during trading on Wednesday, hitting $40.18. The stock had a trading volume of 1,121,771 shares, compared to its average volume of 1,469,589. The stock has a 50 day simple moving average of $47.40 and a two-hundred day simple moving average of $44.61. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.25. Tetra Tech, Inc. has a twelve month low of $30.92 and a twelve month high of $51.20. The company has a market capitalization of $10.75 billion, a PE ratio of 33.07 and a beta of 0.94.

Tetra Tech Announces Dividend

The firm also recently declared 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 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 is presently 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.