1,379 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,379 shares of the industrial products company’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its holdings in shares of Tetra Tech by 1.8% during the first quarter. Los Angeles Capital Management LLC now owns 4,690 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 83 shares during the period. Mckinley Capital Management LLC Delaware increased its holdings in shares of Tetra Tech by 0.3% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 46,158 shares of the industrial products company’s stock worth $7,613,000 after acquiring an additional 116 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Tetra Tech by 156.8% in the 1st quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 127 shares during the period. Fieldpoint Private Securities LLC increased its holdings in shares of Tetra Tech by 30.1% in the 1st quarter. Fieldpoint Private Securities LLC now owns 557 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 129 shares during the period. Finally, First Pacific Financial increased its holdings in shares of Tetra Tech by 2.7% in the 1st quarter. First Pacific Financial now owns 4,957 shares of the industrial products company’s stock worth $818,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 85.93% of the company’s stock.

Insider Activity

In other news, Director J Christopher Lewis sold 16,800 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.62, for a total transaction of $2,412,816.00. Following the completion of the transaction, the director now owns 70,496 shares in the company, valued at approximately $10,124,635.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tetra Tech news, Director Kirsten M. Volpi sold 1,200 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $144.66, for a total value of $173,592.00. Following the completion of the transaction, the director now directly owns 11,275 shares in the company, valued at $1,631,041.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Christopher Lewis sold 16,800 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $143.62, for a total transaction of $2,412,816.00. Following the completion of the transaction, the director now owns 70,496 shares of the company’s stock, valued at $10,124,635.52. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the topic of a number of analyst reports. Maxim Group dropped their price objective on shares of Tetra Tech from $215.00 to $190.00 in a report on Friday, May 6th. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Friday, August 26th. Finally, Northcoast Research initiated coverage on shares of Tetra Tech in a research report on Friday, July 15th. They issued a “neutral” rating for the company.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $132.91 on Friday. Tetra Tech, Inc. has a twelve month low of $118.55 and a twelve month high of $192.91. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $142.43 and a 200-day moving average of $144.43. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 27.75 and a beta of 0.90.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. Tetra Tech’s dividend payout ratio (DPR) is 19.01%.

About Tetra Tech

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Tetra Tech, Inc provides consulting and engineering services worldwide. 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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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