Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Perpetual Ltd

Perpetual Ltd grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 215,042 shares of the industrial products company’s stock after buying an additional 18,842 shares during the period. Perpetual Ltd owned 0.08% of Tetra Tech worth $8,567,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TTEK. Crossmark Global Holdings Inc. lifted its position in Tetra Tech by 353.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 94,429 shares of the industrial products company’s stock worth $3,762,000 after acquiring an additional 73,589 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Tetra Tech during the fourth quarter worth approximately $299,000. Merit Financial Group LLC purchased a new stake in shares of Tetra Tech during the fourth quarter worth approximately $361,000. Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Tetra Tech by 367.4% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 76,460 shares of the industrial products company’s stock worth $3,046,000 after purchasing an additional 60,103 shares during the period. Finally, Argent Capital Management LLC grew its position in Tetra Tech by 9.5% in the 4th quarter. Argent Capital Management LLC now owns 62,758 shares of the industrial products company’s stock valued at $2,500,000 after buying an additional 5,452 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

TTEK has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Finally, KeyCorp cut their target price 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. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Stock Down 0.6 %

TTEK stock opened at $42.31 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $41.38 and its 200 day moving average price is $44.30. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20. The company has a market cap of $11.34 billion, a P/E ratio of 34.34 and a beta of 0.90.

Tetra Tech Announces Dividend

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