Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 406.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,716,080 shares of the industrial products company’s stock after purchasing an additional 3,785,189 shares during the quarter. Geode Capital Management LLC owned 1.76% of Tetra Tech worth $222,466,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of Tetra Tech in the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 174 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Tetra Tech in the second quarter valued at approximately $51,000. Quarry LP purchased a new position in shares of Tetra Tech during the 2nd quarter worth approximately $54,000. Finally, CWM LLC increased its stake in shares of Tetra Tech by 20.2% during the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TTEK. Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. KeyCorp cut their target price 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Stock Performance

Tetra Tech stock opened at $42.04 on Friday. The stock has a fifty day moving average price of $45.61 and a 200 day moving average price of $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 capitalization of $11.26 billion, a P/E ratio of 34.12 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.55%. Tetra Tech’s 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.