Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Recommendation of “Moderate Buy” by Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $49.32.

A number of research analysts have recently weighed in on TTEK shares. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp cut their price target 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. Finally, Robert W. Baird lifted their price objective 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.

Tetra Tech Trading Up 0.3 %

TTEK opened at $42.94 on Friday. Tetra Tech has a 1-year low of $31.61 and a 1-year high of $51.20. The stock has a market capitalization of $11.50 billion, a PE ratio of 34.85 and a beta of 0.88. 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 firm has a 50-day moving average price of $46.22 and a two-hundred day moving average price of $44.57.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s dividend payout ratio is presently 18.67%.

Insider Transactions at Tetra Tech

In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares in the company, valued at $13,649,251.65. This represents a 20.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its stake in shares of Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares during the period. Arkadios Wealth Advisors boosted its position in shares of 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 period. SFE Investment Counsel grew its stake in shares of 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 in the last quarter. Caldwell Investment Management Ltd. increased its position 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 acquiring an additional 37,200 shares during the period. Finally, Banque Cantonale Vaudoise raised its stake in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 556 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

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.