Prime Capital Investment Advisors LLC Purchases 5,073 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Prime Capital Investment Advisors LLC increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 425.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,265 shares of the industrial products company’s stock after purchasing an additional 5,073 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Tetra Tech were worth $295,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its stake in shares of Tetra Tech by 43.3% during the 1st quarter. US Bancorp DE now owns 3,270 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 988 shares during the period. Vanguard Group Inc. boosted its position in Tetra Tech by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company’s stock worth $954,684,000 after purchasing an additional 14,701 shares during the period. Edgestream Partners L.P. increased its holdings in shares of Tetra Tech by 355.8% in the first quarter. Edgestream Partners L.P. now owns 9,302 shares of the industrial products company’s stock valued at $1,718,000 after purchasing an additional 7,261 shares during the last quarter. Covestor Ltd raised its position in shares of Tetra Tech by 421.1% in the first quarter. Covestor Ltd now owns 495 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 400 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Tetra Tech by 8.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 41,546 shares of the industrial products company’s stock worth $7,674,000 after buying an additional 3,200 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TTEK. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird upped their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday. Finally, KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Trading Up 0.8 %

Shares of TTEK stock opened at $41.27 on Friday. The stock has a market cap of $11.05 billion, a P/E ratio of 33.50 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $47.60 and a 200 day simple moving average of $44.58.

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 dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is currently 18.67%.

Insider Buying and Selling

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

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.