J.W. Cole Advisors Inc. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 26.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,404 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. J.W. Cole Advisors Inc.’s holdings in Tetra Tech were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Tetra Tech by 156.8% during the 1st quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 127 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Tetra Tech in the 1st quarter valued at approximately $35,000. Covestor Ltd raised its position in shares of Tetra Tech by 90.8% in the 1st quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 118 shares during the period. Signaturefd LLC raised its position in shares of Tetra Tech by 581.8% in the 1st quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 256 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Tetra Tech by 34.4% in the 1st quarter. Fifth Third Bancorp now owns 508 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 130 shares during the period. 85.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TTEK has been the topic of a number of analyst reports. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, September 15th. Northcoast Research initiated coverage on shares of Tetra Tech in a research report on Friday, July 15th. They issued a “neutral” rating on the stock.
Insiders Place Their Bets
Tetra Tech Stock Performance
Shares of TTEK stock opened at $133.07 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $7.14 billion, a P/E ratio of 27.49 and a beta of 0.92. The company’s 50 day moving average price is $142.05 and its two-hundred day moving average price is $142.52. Tetra Tech, Inc. has a 52 week low of $118.55 and a 52 week high of $192.91.
Tetra Tech Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.92 annualized dividend and a yield of 0.69%. Tetra Tech’s dividend payout ratio (DPR) is currently 19.01%.
About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services worldwide. 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.
- Get a free copy of the StockNews.com research report on Tetra Tech (TTEK)
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