Kestra Private Wealth Services LLC Buys New Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Kestra Private Wealth Services LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,220 shares of the industrial products company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently bought and sold shares of TTEK. Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter worth about $225,525,000. BlackRock Inc. increased its stake in Tetra Tech by 4.9% during the fourth quarter. BlackRock Inc. now owns 7,041,851 shares of the industrial products company’s stock worth $1,195,707,000 after acquiring an additional 327,928 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in Tetra Tech by 168.5% during the first quarter. Lord Abbett & CO. LLC now owns 472,012 shares of the industrial products company’s stock worth $77,853,000 after acquiring an additional 296,212 shares during the last quarter. abrdn plc raised its position in Tetra Tech by 37.8% during the first quarter. abrdn plc now owns 665,732 shares of the industrial products company’s stock valued at $112,449,000 after purchasing an additional 182,715 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Tetra Tech in the 1st quarter valued at approximately $19,880,000. Hedge funds and other institutional investors own 85.93% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $130.48 on Thursday. Tetra Tech, Inc. has a 52 week low of $118.55 and a 52 week high of $192.91. The company has a market capitalization of $7.00 billion, a PE ratio of 26.96 and a beta of 0.92. The stock’s fifty day moving average is $141.88 and its two-hundred day moving average is $142.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.19.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, August 11th. Tetra Tech’s payout ratio is presently 19.01%.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 1,200 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $144.66, for a total value of $173,592.00. Following the transaction, the director now directly owns 11,275 shares in the company, valued at approximately $1,631,041.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tetra Tech news, Director Kirsten M. Volpi sold 1,200 shares of Tetra Tech stock in a transaction on Friday, August 19th. The stock was sold at an average price of $144.66, for a total transaction of $173,592.00. Following the completion of the sale, the director now directly owns 11,275 shares of the company’s stock, valued at approximately $1,631,041.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director J Christopher Lewis sold 16,800 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $143.62, for a total value of $2,412,816.00. Following the transaction, the director now owns 70,496 shares in the company, valued at approximately $10,124,635.52. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TTEK has been the topic of several recent research reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, September 15th. Northcoast Research started coverage on shares of Tetra Tech in a report on Friday, July 15th. They issued a “neutral” rating for the company.

Tetra Tech Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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