Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Isthmus Partners LLC

Isthmus Partners LLC increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 302.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 95,464 shares of the industrial products company’s stock after purchasing an additional 71,736 shares during the period. 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 (SEC).

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 51 shares during the period. ELCO Management Co. LLC raised its position in Tetra Tech by 4.8% in the second quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 60 shares in the last quarter. CIBC Asset Management Inc raised its position in Tetra Tech by 4.8% in the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 70 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Tetra Tech by 4.0% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock worth $413,000 after acquiring an additional 77 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Tetra Tech by 0.8% in the second quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock worth $2,296,000 after acquiring an additional 86 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTEK has been the subject of several research analyst reports. KeyCorp cut their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Robert W. Baird raised 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 restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Finally, StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Trading Down 0.3 %

Tetra Tech stock opened at $41.47 on Friday. The stock has a market cap of $11.10 billion, a PE ratio of 33.66 and a beta of 0.94. The stock has a 50-day moving average price of $46.67 and a 200 day moving average price of $44.59. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s payout ratio is 18.67%.

Insiders Place Their Bets

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech 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 of the company’s stock, valued at $6,655,936. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. This represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company’s stock.

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.