Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 386.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,535 shares of the industrial products company’s stock after acquiring an additional 66,358 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tetra Tech were worth $3,940,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in 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 purchasing an additional 472 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in 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 purchasing an additional 444 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Tetra Tech during the 2nd quarter valued at $28,000. Venturi Wealth Management LLC boosted its stake in 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 valued at $29,000 after purchasing an additional 587 shares in the last quarter. Finally, Canton Hathaway LLC boosted its stake in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TTEK shares. 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. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird raised their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Stock Performance

TTEK opened at $42.04 on Friday. The firm has a market cap of $11.26 billion, a PE ratio of 34.12 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $45.61 and a 200-day simple moving average of $44.51. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech’s dividend payout ratio (DPR) is presently 18.67%.

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.