Bank of Montreal Can Purchases 139,501 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Bank of Montreal Can grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 376.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 176,550 shares of the industrial products company's stock after acquiring an additional 139,501 shares during the period. Bank of Montreal Can owned about 0.07% of Tetra Tech worth $8,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Tetra Tech by 7.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,613 shares of the industrial products company's stock valued at $5,286,000 after purchasing an additional 2,096 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Tetra Tech by 90.8% in the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company's stock worth $1,589,000 after buying an additional 4,096 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Tetra Tech during the first quarter valued at approximately $208,000. GAMMA Investing LLC increased its position in shares of Tetra Tech by 66.2% during the second quarter. GAMMA Investing LLC now owns 502 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 200 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Tetra Tech by 298.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 4,985 shares of the industrial products company's stock worth $1,019,000 after acquiring an additional 3,733 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.32.

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the sale, the chief financial officer now owns 112,620 shares in the company, valued at approximately $5,244,713.40. This represents a 24.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is owned by company insiders.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded up $0.57 during midday trading on Tuesday, reaching $42.34. The stock had a trading volume of 2,612,477 shares, compared to its average volume of 1,513,523. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 34.37 and a beta of 0.88. Tetra Tech, Inc. has a 12-month low of $31.61 and a 12-month high of $51.20. The stock has a 50-day moving average of $46.38 and a 200-day moving average of $44.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Announces Dividend

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

Tetra Tech 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.