Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 376.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,740 shares of the industrial products company’s stock after buying an additional 78,008 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tetra Tech were worth $4,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP boosted its position in Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Tetra Tech by 400.0% during 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 approximately $28,000. Venturi Wealth Management LLC increased its holdings in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC lifted its stake in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 516 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. 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 Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. KeyCorp decreased their price target 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned 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 an average target price of $49.32.

Tetra Tech Stock Performance

TTEK opened at $42.04 on Friday. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year 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. The stock’s 50 day simple moving average is $45.61 and its 200-day simple moving average is $44.51. The stock has a market cap of $11.26 billion, a PE ratio of 34.12 and a beta of 0.88.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s 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.