Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Aureus Asset Management LLC

Aureus Asset Management LLC boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,065 shares of the industrial products company’s stock after purchasing an additional 9,652 shares during the quarter. Aureus Asset Management LLC’s holdings in Tetra Tech were worth $569,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in Tetra Tech during the second quarter worth $28,000. EverSource Wealth Advisors LLC boosted its position in Tetra Tech by 561.3% during the second 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 second quarter worth $51,000. Quarry LP purchased a new stake in Tetra Tech during the second quarter worth $54,000. Finally, CWM LLC boosted its position in 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 in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TTEK shares. KeyCorp decreased their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Stock Performance

Tetra Tech stock opened at $41.51 on Monday. The firm has a market capitalization of $11.11 billion, a P/E ratio of 33.69 and a beta of 0.94. The stock has a fifty day moving average price of $46.58 and a 200 day moving average price of $44.58. 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.56%. Tetra Tech’s payout ratio is currently 18.67%.

Insider Activity at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction on 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 owns 112,620 shares of the company’s stock, valued at $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by insiders.

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.