Teachers Retirement System of The State of Kentucky raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 386.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 83,535 shares of the industrial products company's stock after purchasing an additional 66,358 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Tetra Tech were worth $3,940,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TT International Asset Management LTD lifted its stake in shares of Tetra Tech by 43.7% in 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 buying an additional 6,460 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Tetra Tech by 417.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 24,165 shares of the industrial products company's stock worth $1,140,000 after purchasing an additional 19,492 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Tetra Tech by 406.6% in the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock valued at $222,466,000 after purchasing an additional 3,785,189 shares in the last quarter. Vestcor Inc increased its holdings in shares of Tetra Tech by 366.0% in the third quarter. Vestcor Inc now owns 15,220 shares of the industrial products company's stock valued at $718,000 after purchasing an additional 11,954 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Tetra Tech by 395.0% during the third quarter. M&T Bank Corp now owns 22,320 shares of the industrial products company's stock worth $1,053,000 after buying an additional 17,811 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on TTEK. Robert W. Baird raised their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. Finally, StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.
Read Our Latest Report on Tetra Tech
Tetra Tech Trading Up 0.7 %
TTEK traded up $0.29 on Friday, hitting $42.04. The company had a trading volume of 1,464,536 shares, compared to its average volume of 2,319,112. 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 firm has a market cap of $11.26 billion, a P/E ratio of 34.12 and a beta of 0.88. The company's fifty day moving average price is $45.61 and its 200 day moving average price is $44.51. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20.
Tetra Tech Announces Dividend
The business 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. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech's dividend payout ratio is currently 18.67%.
Tetra Tech Profile
(
Free Report)
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.
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