Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Aureus Asset Management LLC

Aureus Asset Management LLC raised its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,065 shares of the industrial products company’s stock after purchasing an additional 9,652 shares during the period. Aureus Asset Management LLC’s holdings in Tetra Tech were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Paloma Partners Management Co purchased a new position in shares of Tetra Tech in the 3rd quarter valued at about $271,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Tetra Tech by 779.4% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,146 shares of the industrial products company’s stock valued at $431,000 after acquiring an additional 8,106 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of Tetra Tech by 74.5% in the 3rd quarter. Edgestream Partners L.P. now owns 16,010 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 6,835 shares during the last quarter. Progeny 3 Inc. purchased a new position in shares of Tetra Tech in the 3rd quarter valued at about $7,645,000. Finally, PDT Partners LLC purchased a new position in shares of Tetra Tech in the 3rd quarter valued at about $458,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Activity

In other news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,750 shares of company stock valued at $5,633,239. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTEK. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp dropped their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Finally, Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Trading Up 0.1 %

TTEK opened at $41.51 on Monday. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 33.69 and a beta of 0.94. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20. The business’s 50 day moving average is $46.58 and its two-hundred day moving average is $44.58. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Announces Dividend

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

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.