Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1,362.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,559 shares of the industrial products company’s stock after buying an additional 116,971 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tetra Tech were worth $5,921,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TTEK. Commerce Bank boosted its position in shares of Tetra Tech by 349.5% during the 3rd quarter. Commerce Bank now owns 67,360 shares of the industrial products company’s stock valued at $3,177,000 after purchasing an additional 52,376 shares in the last quarter. Strategy Asset Managers LLC bought a new stake in Tetra Tech during the third quarter worth approximately $1,006,000. Segall Bryant & Hamill LLC boosted its holdings in Tetra Tech by 323.2% during the third quarter. Segall Bryant & Hamill LLC now owns 661,134 shares of the industrial products company’s stock worth $31,179,000 after buying an additional 504,927 shares in the last quarter. Premier Fund Managers Ltd grew its position in Tetra Tech by 400.0% in the third quarter. Premier Fund Managers Ltd now owns 1,500,000 shares of the industrial products company’s stock worth $69,615,000 after buying an additional 1,200,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Tetra Tech by 470.7% in the third quarter. PNC Financial Services Group Inc. now owns 22,982 shares of the industrial products company’s stock valued at $1,084,000 after buying an additional 18,955 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Tetra Tech Stock Up 0.4 %

Shares of Tetra Tech stock opened at $40.96 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The stock has a 50-day moving average price of $47.17 and a 200 day moving average price of $44.62. The company has a market cap of $10.96 billion, a P/E ratio of 33.25 and a beta of 0.94.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.57%. Tetra Tech’s dividend payout ratio is presently 18.67%.

Insiders Place Their Bets

In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the transaction, the director now owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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.