NFJ Investment Group LLC Buys 73,979 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

NFJ Investment Group LLC raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 138.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,453 shares of the industrial products company's stock after purchasing an additional 73,979 shares during the quarter. NFJ Investment Group LLC's holdings in Tetra Tech were worth $6,011,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of Tetra Tech by 629.3% during the 3rd 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 in the last quarter. LGT Financial Advisors LLC grew its position in shares of Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after buying an additional 444 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Tetra Tech in the 2nd quarter valued at about $28,000. Venturi Wealth Management LLC grew its position in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after buying an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC grew its position in shares of Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares of the company's stock, valued at approximately $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares of the company's stock, valued at approximately $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Tetra Tech Trading Up 0.9 %

Shares of NASDAQ:TTEK traded up $0.37 during midday trading on Wednesday, reaching $42.71. The company's stock had a trading volume of 1,012,211 shares, compared to its average volume of 1,511,100. The firm has a 50 day moving average price of $46.38 and a two-hundred day moving average price of $44.58. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. 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 has a market capitalization of $11.44 billion, a price-to-earnings ratio of 34.37 and a beta of 0.88.

Tetra Tech Dividend Announcement

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 paid a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, November 27th. Tetra Tech's dividend payout ratio (DPR) is presently 18.67%.

Analyst Ratings Changes

A number of equities research analysts have commented on TTEK shares. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, KeyCorp dropped their price objective on 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to 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.