Tetra Tech, Inc. (NASDAQ:TTEK) Position Increased by Atria Investments Inc

Atria Investments Inc raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 321.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,114 shares of the industrial products company’s stock after buying an additional 5,428 shares during the quarter. Atria Investments Inc’s holdings in Tetra Tech were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTEK. O Shaughnessy Asset Management LLC lifted its stake in Tetra Tech by 7.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,742 shares of the industrial products company’s stock valued at $1,061,000 after buying an additional 404 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Tetra Tech by 17.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 36,463 shares of the industrial products company’s stock valued at $6,738,000 after buying an additional 5,332 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Tetra Tech by 5.5% during the first quarter. Advisors Asset Management Inc. now owns 14,245 shares of the industrial products company’s stock valued at $2,631,000 after buying an additional 746 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Tetra Tech in the 1st quarter valued at about $1,469,000. Finally, 1832 Asset Management L.P. increased its holdings in shares of Tetra Tech by 125.8% in the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 151 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK opened at $40.96 on Friday. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The stock has a fifty day moving average price of $47.17 and a 200 day moving average price of $44.62. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 33.23 and a beta of 0.94.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.57%. Tetra Tech’s dividend payout ratio (DPR) is currently 18.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTEK shares. KeyCorp dropped 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. Robert W. Baird upped their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Finally, StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Two investment 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 has a consensus rating of “Moderate Buy” and an average price target of $49.32.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 over the last three months. Corporate insiders own 0.61% of the company’s stock.

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.