Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by TT International Asset Management LTD

TT International Asset Management LTD grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,233 shares of the industrial products company’s stock after buying an additional 6,460 shares during the quarter. TT International Asset Management LTD’s holdings in Tetra Tech were worth $1,001,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 31,445 shares during the period. Arkadios Wealth Advisors raised its holdings in Tetra Tech by 615.8% during the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares during the last quarter. SFE Investment Counsel raised its holdings in Tetra Tech by 374.8% during the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 28,679 shares during the last quarter. Caldwell Investment Management Ltd. raised its holdings in Tetra Tech by 400.0% during the third quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock worth $2,157,000 after purchasing an additional 37,200 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 556 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Tetra Tech stock opened at $42.41 on Wednesday. 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 stock has a fifty day moving average of $45.96 and a two-hundred day moving average of $44.54. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 34.42 and a beta of 0.89. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20.

Tetra Tech Dividend Announcement

The business 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. This represents a $0.23 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s payout ratio is 18.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TTEK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird lifted their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, KeyCorp reduced their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech 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.