Tributary Capital Management LLC Has $1.47 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Tributary Capital Management LLC increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 46.8% during the 4th quarter, HoldingsChannel reports. The firm owned 36,855 shares of the industrial products company’s stock after purchasing an additional 11,746 shares during the period. Tributary Capital Management LLC’s holdings in Tetra Tech were worth $1,468,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sarasin & Partners LLP boosted its holdings in shares of Tetra Tech by 330.9% in 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 during the period. Geode Capital Management LLC lifted its position in 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 increased its holdings in Tetra Tech by 387.3% during 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 in the last quarter. abrdn plc raised its stake in shares of Tetra Tech by 353.0% in 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. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Down 2.6 %

Shares of Tetra Tech stock opened at $38.37 on Friday. Tetra Tech, Inc. has a 12-month low of $31.61 and a 12-month high of $51.20. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $41.06 and its 200-day moving average is $44.30. The stock has a market cap of $10.28 billion, a P/E ratio of 31.14 and a beta of 0.90.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is currently 18.67%.

Analysts Set New Price Targets

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

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.