Isthmus Partners LLC Grows Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Isthmus Partners LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 302.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,464 shares of the industrial products company's stock after buying an additional 71,736 shares during the quarter. Isthmus Partners LLC's holdings in Tetra Tech were worth $4,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after buying an additional 472 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Tetra Tech in the second quarter valued at about $28,000. Venturi Wealth Management LLC grew its position in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC increased its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after purchasing an additional 516 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Trading Up 0.1 %

NASDAQ TTEK traded up $0.04 during trading hours on Friday, hitting $41.51. 1,335,703 shares of the company's stock were exchanged, compared to its average volume of 1,505,794. The business's 50 day moving average is $46.58 and its 200-day moving average is $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, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The firm has a market capitalization of $11.11 billion, a P/E ratio of 33.69 and a beta of 0.94.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. Tetra Tech's payout ratio is currently 18.67%.

Insider Buying and Selling

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of the firm'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 directly owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, 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 three months, insiders have sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

TTEK has been the topic of a number of analyst reports. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Finally, 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 note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.32.

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.