XTX Topco Ltd Buys Shares of 10,796 Tetra Tech, Inc. (NASDAQ:TTEK)

XTX Topco Ltd purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,796 shares of the industrial products company’s stock, valued at approximately $509,000.

A number of other large investors have also modified their holdings of TTEK. Harbor Capital Advisors Inc. grew its position in Tetra Tech by 630.8% in the 3rd 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 last quarter. Arkadios Wealth Advisors boosted its position in shares of Tetra Tech by 615.8% during the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 19,193 shares during the period. SFE Investment Counsel grew its holdings in Tetra Tech by 374.8% in the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after buying an additional 28,679 shares in the last quarter. Caldwell Investment Management Ltd. grew its holdings in Tetra Tech by 400.0% in the 3rd quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock worth $2,157,000 after buying an additional 37,200 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 556 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of analyst reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Finally, KeyCorp reduced their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $42.04 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $45.61 and its 200 day moving average price is $44.51. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20. The firm has a market cap of $11.26 billion, a P/E ratio of 34.12 and a beta of 0.88.

Tetra Tech Announces Dividend

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

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.