Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 414.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,965 shares of the industrial products company’s stock after purchasing an additional 1,583 shares during the period. First Horizon Advisors Inc.’s holdings in Tetra Tech were worth $93,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech in the second quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 174 shares in the last quarter. Family Firm Inc. purchased a new stake in Tetra Tech during the 2nd quarter worth about $51,000. Quarry LP acquired a new stake in Tetra Tech in the 2nd quarter valued at about $54,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of Tetra Tech by 125.8% in the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company’s stock valued at $50,000 after buying an additional 151 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. KeyCorp reduced their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Robert W. Baird raised their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Two research 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 has a consensus rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Trading Up 0.4 %

Shares of Tetra Tech stock opened at $40.96 on Friday. The company has a fifty day simple moving average of $47.06 and a 200-day simple moving average of $44.62. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 33.25 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.57%. Tetra Tech’s dividend payout ratio is presently 18.67%.

Insiders Place Their Bets

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at $13,649,251.65. The trade was a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock valued at $5,633,239 over the last quarter. Company 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.