Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 403.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,156 shares of the industrial products company's stock after purchasing an additional 181,253 shares during the period. Systematic Financial Management LP owned about 0.08% of Tetra Tech worth $10,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its holdings in Tetra Tech by 2,817.5% in the third quarter. Quantinno Capital Management LP now owns 66,724 shares of the industrial products company's stock valued at $3,147,000 after purchasing an additional 64,437 shares during the period. Quarry LP boosted its holdings in Tetra Tech by 1,863.3% in the third 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 during the period. Point72 Asset Management L.P. boosted its holdings in Tetra Tech by 327.4% in 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 purchasing an additional 15,715 shares during the period. Menard Financial Group LLC boosted its holdings 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 valued at $657,000 after purchasing an additional 11,414 shares during the period. Finally, Millburn Ridgefield Corp boosted its holdings in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 621 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTEK has been the subject of a number of recent research reports. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. KeyCorp cut their price target 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. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird raised their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.32.

Insider Transactions at Tetra Tech

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at $6,655,936. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were 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. This trade represents a 20.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,750 shares of company stock worth $5,633,239. Corporate insiders own 0.61% of the company's stock.

Tetra Tech Stock Down 0.6 %

Tetra Tech stock traded down $0.25 during midday trading on Friday, reaching $42.69. The company's stock had a trading volume of 1,811,260 shares, compared to its average volume of 1,521,796. The business has a 50-day simple moving average of $46.14 and a 200-day simple moving average of $44.56. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The company has a market cap of $11.43 billion, a P/E ratio of 34.65 and a beta of 0.88.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is currently 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.