Relyea Zuckerberg Hanson LLC Raises Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Relyea Zuckerberg Hanson LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 367.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,460 shares of the industrial products company's stock after buying an additional 60,103 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in Tetra Tech were worth $3,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Tetra Tech by 630.8% in the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock worth $1,718,000 after acquiring an additional 31,445 shares during the period. Arkadios Wealth Advisors lifted its holdings in Tetra Tech by 615.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock worth $1,052,000 after purchasing an additional 19,193 shares in the last quarter. SFE Investment Counsel boosted its stake in Tetra Tech by 374.8% in the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company's stock worth $1,713,000 after purchasing an additional 28,679 shares during the period. Caldwell Investment Management Ltd. grew its holdings in Tetra Tech by 400.0% during the 3rd quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company's stock valued at $2,157,000 after buying an additional 37,200 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after buying an additional 556 shares during the period. Institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

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

Tetra Tech Trading Up 0.6 %

Shares of NASDAQ TTEK traded up $0.24 during midday trading on Friday, reaching $42.58. The company had a trading volume of 1,259,084 shares, compared to its average volume of 1,352,487. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a one year low of $31.61 and a one year high of $51.20. The stock has a market cap of $11.40 billion, a PE ratio of 34.56 and a beta of 0.90. The firm's fifty day moving average price is $41.49 and its 200-day moving average price is $44.28.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is presently 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.