Janus Henderson Group PLC Has $10.05 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Janus Henderson Group PLC lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 404.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 213,123 shares of the industrial products company's stock after purchasing an additional 170,856 shares during the quarter. Janus Henderson Group PLC owned 0.08% of Tetra Tech worth $10,048,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TTEK. HighTower Advisors LLC boosted its stake in Tetra Tech by 436.3% during the 3rd quarter. HighTower Advisors LLC now owns 124,407 shares of the industrial products company's stock valued at $5,883,000 after purchasing an additional 101,208 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Tetra Tech in the third quarter valued at $395,000. Centiva Capital LP boosted its stake in Tetra Tech by 1,911.7% during the third quarter. Centiva Capital LP now owns 47,355 shares of the industrial products company's stock valued at $2,233,000 after buying an additional 45,001 shares in the last quarter. Aureus Asset Management LLC grew its holdings in Tetra Tech by 400.0% during the third quarter. Aureus Asset Management LLC now owns 12,065 shares of the industrial products company's stock worth $569,000 after acquiring an additional 9,652 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Tetra Tech in the third quarter worth about $271,000. Institutional investors own 93.89% of the company's stock.

Insiders Place Their Bets

In other Tetra Tech 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Trading Down 0.9 %

Tetra Tech stock traded down $0.39 during midday trading on Monday, reaching $42.30. The stock had a trading volume of 1,822,603 shares, compared to its average volume of 1,523,065. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. 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 firm has a market cap of $11.33 billion, a price-to-earnings ratio of 34.33 and a beta of 0.89. The firm's fifty day simple moving average is $46.05 and its two-hundred day simple moving average is $44.55.

Tetra Tech Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp decreased their price target on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Two equities research 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.com, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.32.

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.