Walleye Capital LLC Has $287,000 Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Walleye Capital LLC increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2,141.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,096 shares of the industrial products company’s stock after buying an additional 5,824 shares during the period. Walleye Capital LLC’s holdings in Tetra Tech were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of Tetra Tech by 630.8% in the third 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 in the last quarter. Arkadios Wealth Advisors increased its stake in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after acquiring an additional 19,193 shares during the last quarter. SFE Investment Counsel increased its stake in Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after acquiring an additional 28,679 shares during the last quarter. Caldwell Investment Management Ltd. increased its stake in Tetra Tech by 400.0% in the third quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock valued at $2,157,000 after acquiring an additional 37,200 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 556 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $42.41 on Wednesday. The firm’s fifty day moving average price is $45.96 and its two-hundred day moving average price is $44.54. The stock has a market cap of $11.35 billion, a PE 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. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Dividend Announcement

The firm also recently disclosed 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 dividend yield of 0.55%. Tetra Tech’s dividend payout ratio is 18.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTEK. KeyCorp decreased their price objective 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. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus price target 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.