Perpetual Ltd Has $8.57 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Perpetual Ltd lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,042 shares of the industrial products company's stock after acquiring an additional 18,842 shares during the period. Perpetual Ltd owned about 0.08% of Tetra Tech worth $8,567,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TTEK. Sarasin & Partners LLP grew its position in Tetra Tech by 330.9% during the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock worth $233,460,000 after purchasing an additional 3,801,435 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock valued at $222,466,000 after buying an additional 3,785,189 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock valued at $155,601,000 after buying an additional 2,622,288 shares during the period. abrdn plc lifted its stake in Tetra Tech by 353.0% in the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock worth $98,477,000 after acquiring an additional 1,644,267 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 1,618,211 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTEK. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. KeyCorp cut their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. StockNews.com cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Robert W. Baird lifted 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. 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, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.32.

Tetra Tech Stock Performance

Shares of TTEK stock traded down $0.53 during trading on Wednesday, reaching $41.78. The company had a trading volume of 1,483,339 shares, compared to its average volume of 1,489,372. The firm's 50 day simple moving average is $41.14 and its two-hundred day simple moving average is $44.32. Tetra Tech, Inc. has a one year low of $31.61 and a one year 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 company has a market capitalization of $11.20 billion, a PE ratio of 33.91 and a beta of 0.90.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Wednesday, November 27th. Tetra Tech's dividend payout ratio is 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.