Zacks Investment Management Acquires 448,216 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Zacks Investment Management boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 459.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 545,693 shares of the industrial products company's stock after buying an additional 448,216 shares during the quarter. Zacks Investment Management owned approximately 0.20% of Tetra Tech worth $25,735,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its position in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 472 shares during the last quarter. LGT Financial Advisors LLC grew its stake in 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 acquired a new position in shares of Tetra Tech during the 2nd quarter worth approximately $28,000. Venturi Wealth Management LLC increased its position in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after purchasing an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC raised 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. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

NASDAQ:TTEK traded down $0.25 during mid-day trading on Friday, hitting $42.69. 1,811,260 shares of the stock were exchanged, compared to its average volume of 2,885,625. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The firm's 50-day simple moving average is $46.14 and its 200 day simple moving average is $44.56. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 34.71 and a beta of 0.88.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.54%. Tetra Tech's payout ratio is presently 18.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTEK shares. Royal Bank of Canada restated an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Robert W. Baird raised 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 lowered their price target on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $49.32.

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the transaction, the chief financial officer now owns 112,620 shares of the company's stock, valued at $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the company's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. This represents a 4.34 % 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 worth $5,633,239. Corporate insiders own 0.61% of the company's stock.

About Tetra Tech

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.