Lindenwold Advisors INC Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Lindenwold Advisors INC lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 415.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,985 shares of the industrial products company’s stock after buying an additional 8,855 shares during the period. Lindenwold Advisors INC’s holdings in Tetra Tech were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Tetra Tech by 630.8% during 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 stake in 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 last quarter. SFE Investment Counsel boosted its stake in Tetra Tech by 374.8% during the third 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 during the last quarter. US Bancorp DE increased its stake in shares of Tetra Tech by 401.8% in the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock worth $806,000 after acquiring an additional 13,687 shares during the last quarter. Finally, VELA Investment Management LLC increased its stake in shares of Tetra Tech by 703.9% in the 3rd quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock worth $2,759,000 after acquiring an additional 51,232 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This trade represents a 20.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. This represents 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 90 days. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TTEK shares. Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday. KeyCorp cut their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Finally, StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Stock Down 0.4 %

Shares of TTEK opened at $41.12 on Tuesday. The company’s 50-day simple moving average is $47.60 and its 200-day simple moving average is $44.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.25. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The stock has a market capitalization of $11.01 billion, a PE ratio of 33.38 and a beta of 0.94.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio (DPR) is presently 18.67%.

Tetra Tech 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.