Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,190 shares of the industrial products company’s stock after buying an additional 7,352 shares during the quarter. Fiduciary Trust Co’s holdings in Tetra Tech were worth $433,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew 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 buying an additional 51 shares in the last quarter. ELCO Management Co. LLC raised its holdings in Tetra Tech by 4.8% in the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 60 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Tetra Tech by 4.8% during the 2nd quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 70 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Tetra Tech by 4.0% during 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 purchasing an additional 77 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of 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 valued at $2,296,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

TTEK has been the topic of several recent analyst reports. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp cut their price objective 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 boosted their target price 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set 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’s stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Stock Performance

Tetra Tech stock opened at $41.51 on Friday. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 33.75 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 debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $46.58 and its 200-day moving average is $44.58.

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 given a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio (DPR) is 18.70%.

Insiders Place Their Bets

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction on 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 transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 over the last ninety days. 0.61% of the stock is owned by company insiders.

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.