Duff & Phelps Investment Management Co. Raises Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Duff & Phelps Investment Management Co. grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 330.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630,960 shares of the industrial products company's stock after purchasing an additional 484,232 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.24% of Tetra Tech worth $29,756,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. CWM LLC boosted its position in Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company's stock worth $62,000 after acquiring an additional 51 shares during the last quarter. ELCO Management Co. LLC boosted its holdings in shares of Tetra Tech by 4.8% during the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company's stock worth $268,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Tetra Tech by 4.8% in the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company's stock valued at $312,000 after purchasing an additional 70 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Tetra Tech by 4.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company's stock worth $413,000 after buying an additional 77 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Tetra Tech by 0.8% during the second quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company's stock worth $2,296,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Trading Down 0.9 %

Shares of TTEK stock traded down $0.39 during trading hours on Monday, hitting $42.30. The company had a trading volume of 1,822,603 shares, compared to its average volume of 1,523,065. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $11.33 billion, a PE ratio of 34.65 and a beta of 0.89. The company's fifty day moving average is $46.14 and its 200 day moving average is $44.56. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is 18.67%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TTEK shares. 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. 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. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.

Insider Activity

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at $6,655,936. This represents a 4.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is currently owned by corporate insiders.

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.