Brown Brothers Harriman & Co. Has $51,000 Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Brown Brothers Harriman & Co. lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,080 shares of the industrial products company’s stock after purchasing an additional 864 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Tetra Tech were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TTEK. Banque Cantonale Vaudoise acquired a new stake in Tetra Tech in the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after buying an additional 174 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Tetra Tech during the 2nd quarter worth $51,000. Quarry LP bought a new stake in shares of Tetra Tech during the 2nd quarter worth $54,000. Finally, CWM LLC grew its stake in Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after buying an additional 51 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.3 %

Tetra Tech stock opened at $41.47 on Friday. The business has a 50 day moving average price of $46.77 and a two-hundred day moving average price of $44.60. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 12 month low of $30.92 and a 12 month high of $51.20. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 33.66 and a beta of 0.94.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio is currently 18.67%.

Insider Buying and Selling at Tetra Tech

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 121,750 shares of company stock valued at $5,633,239 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TTEK shares. KeyCorp decreased their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Robert W. Baird increased their price objective on Tetra Tech from $46.00 to $47.00 and gave the company 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.