Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 405.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,737 shares of the industrial products company’s stock after buying an additional 15,831 shares during the period. Hantz Financial Services Inc.’s holdings in Tetra Tech were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Tetra Tech by 561.3% during 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. acquired a new position in Tetra Tech during the second quarter worth $51,000. Quarry LP acquired a new stake in shares of Tetra Tech in the 2nd quarter worth $54,000. Finally, CWM LLC raised its holdings in shares of Tetra Tech by 20.2% during the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTEK. KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Stock Up 0.1 %

NASDAQ:TTEK opened at $41.51 on Monday. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week 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 stock’s fifty day moving average is $46.58 and its two-hundred day moving average is $44.58. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 33.69 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. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. Tetra Tech’s dividend payout ratio is presently 18.67%.

Insider Activity at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the sale, the chief financial officer now owns 112,620 shares in the company, valued at $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,750 shares of company stock worth $5,633,239. Corporate insiders own 0.61% of the company’s stock.

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.