5,023 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 5,023 shares of the industrial products company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTEK. Sarasin & Partners LLP lifted its stake in Tetra Tech by 330.9% during the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock valued at $233,460,000 after buying an additional 3,801,435 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tetra Tech by 406.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company’s stock valued at $222,466,000 after acquiring an additional 3,785,189 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock worth $155,601,000 after purchasing an additional 2,622,288 shares during the period. abrdn plc raised its stake in Tetra Tech by 353.0% during the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock valued at $98,477,000 after purchasing an additional 1,644,267 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Tetra Tech by 357.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company’s stock valued at $97,644,000 after purchasing an additional 1,618,211 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTEK shares. 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 report on Friday, November 15th. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Finally, Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Trading Down 2.6 %

NASDAQ:TTEK opened at $38.37 on Friday. The company has a market capitalization of $10.28 billion, a P/E ratio of 31.14 and a beta of 0.90. The stock’s 50 day moving average price is $41.06 and its 200 day moving average price is $44.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20.

Tetra Tech Announces Dividend

The firm also recently declared 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 of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.60%. Tetra Tech’s dividend payout ratio is currently 18.70%.

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.