Hantz Financial Services Inc. Boosts Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Hantz Financial Services Inc. boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 405.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,737 shares of the industrial products company's stock after buying an additional 15,831 shares during the quarter. Hantz Financial Services Inc.'s holdings in Tetra Tech were worth $931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sarasin & Partners LLP lifted its stake in shares of Tetra Tech by 330.9% in the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after purchasing an additional 3,801,435 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Tetra Tech by 387.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock worth $155,601,000 after buying an additional 2,622,288 shares during the period. abrdn plc raised its stake in Tetra Tech by 353.0% during the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock worth $98,477,000 after buying an additional 1,644,267 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Tetra Tech by 357.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock worth $97,644,000 after buying an additional 1,618,211 shares during the period. Finally, Copeland Capital Management LLC raised its stake in Tetra Tech by 289.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company's stock worth $86,032,000 after buying an additional 1,355,351 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTEK shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, KeyCorp decreased their price objective on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus price target of $49.32.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech 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 completion of the transaction, the chief financial officer now directly owns 112,620 shares of the company's stock, valued at approximately $5,244,713.40. This represents a 24.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. This represents a 4.34 % 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. Company insiders own 0.61% of the company's stock.

Tetra Tech Stock Performance

Shares of TTEK stock traded up $0.26 during trading on Monday, hitting $41.77. The company's stock had a trading volume of 2,184,688 shares, compared to its average volume of 1,508,786. The company has a market cap of $11.18 billion, a PE ratio of 32.92 and a beta of 0.89. 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 business has a fifty day moving average of $46.58 and a 200-day moving average of $44.58. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is 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.