Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,660 shares of the industrial products company’s stock after selling 2,273 shares during the quarter. Verition Fund Management LLC’s holdings in Tetra Tech were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TTEK. Captrust Financial Advisors increased its stake in Tetra Tech by 463.7% during the 3rd quarter. Captrust Financial Advisors now owns 24,724 shares of the industrial products company’s stock worth $1,166,000 after buying an additional 20,338 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Tetra Tech by 365.0% during the third quarter. Rockefeller Capital Management L.P. now owns 1,138,716 shares of the industrial products company’s stock worth $53,739,000 after acquiring an additional 893,827 shares during the last quarter. Walleye Capital LLC lifted its stake in shares of Tetra Tech by 2,141.2% in the third quarter. Walleye Capital LLC now owns 6,096 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 5,824 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Tetra Tech by 368.7% in the third quarter. Martingale Asset Management L P now owns 470,761 shares of the industrial products company’s stock valued at $22,201,000 after purchasing an additional 370,323 shares during the last quarter. Finally, Isthmus Partners LLC grew its stake in Tetra Tech by 302.3% during the 3rd quarter. Isthmus Partners LLC now owns 95,464 shares of the industrial products company’s stock valued at $4,502,000 after purchasing an additional 71,736 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.7 %

Shares of Tetra Tech stock opened at $42.04 on Friday. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 34.12 and a beta of 0.88. Tetra Tech, Inc. has a twelve month low of $31.61 and a twelve month high of $51.20. 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 business’s 50 day simple moving average is $45.61 and its 200-day simple moving average is $44.51.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s payout ratio is 18.67%.

Analysts Set New Price Targets

TTEK has been the subject of several research analyst reports. Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, KeyCorp lowered their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.32.

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.