Pathstone Holdings LLC Purchases 88,726 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Pathstone Holdings LLC grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 371.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,601 shares of the industrial products company’s stock after acquiring an additional 88,726 shares during the period. Pathstone Holdings LLC’s holdings in Tetra Tech were worth $5,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Lindenwold Advisors INC raised its position in Tetra Tech by 415.7% in the 3rd quarter. Lindenwold Advisors INC now owns 10,985 shares of the industrial products company’s stock valued at $518,000 after purchasing an additional 8,855 shares during the last quarter. First Western Trust Bank increased its stake in shares of Tetra Tech by 358.5% in the third quarter. First Western Trust Bank now owns 11,770 shares of the industrial products company’s stock valued at $555,000 after buying an additional 9,203 shares in the last quarter. Quest Partners LLC lifted its position in Tetra Tech by 211.9% during the 3rd quarter. Quest Partners LLC now owns 9,379 shares of the industrial products company’s stock worth $442,000 after buying an additional 6,372 shares in the last quarter. Swiss National Bank grew its holdings in Tetra Tech by 396.7% during the 3rd quarter. Swiss National Bank now owns 522,500 shares of the industrial products company’s stock worth $24,641,000 after acquiring an additional 417,300 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Tetra Tech by 386.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 63,336 shares of the industrial products company’s stock valued at $2,987,000 after acquiring an additional 50,311 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This represents a 20.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech 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 completion of the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock valued at $5,633,239 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $40.96 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.21. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 33.25 and a beta of 0.94. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $44.62. Tetra Tech, Inc. has a one year low of $30.92 and a one year high of $51.20.

Tetra Tech Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is currently 18.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTEK. KeyCorp reduced their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Finally, Robert W. Baird boosted 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. Two 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 has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Company 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.