248,001 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 248,001 shares of the industrial products company’s stock, valued at approximately $11,696,000. Jacobs Levy Equity Management Inc. owned approximately 0.09% of Tetra Tech as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Banque Cantonale Vaudoise purchased a new stake in Tetra Tech during the second quarter worth about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 174 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Tetra Tech during the second quarter worth approximately $51,000. Quarry LP purchased a new position in shares of Tetra Tech during the second quarter worth approximately $54,000. Finally, CWM LLC increased its stake in shares of Tetra Tech by 20.2% in 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 during the period. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $42.80 on Thursday. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The business has a 50-day simple moving average of $46.29 and a two-hundred day simple moving average of $44.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 34.74 and a beta of 0.88.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is 18.67%.

Insiders Place Their Bets

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction that occurred 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 directly owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on TTEK shares. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating 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. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp dropped their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.32.

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.