Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Increased by Freedom Investment Management Inc.

Freedom Investment Management Inc. increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 530.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,556 shares of the industrial products company’s stock after purchasing an additional 20,660 shares during the quarter. Freedom Investment Management Inc.’s holdings in Tetra Tech were worth $1,158,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTEK. Fernbridge Capital Management LP boosted its stake in shares of Tetra Tech by 227.5% during the 3rd quarter. Fernbridge Capital Management LP now owns 451,402 shares of the industrial products company’s stock valued at $21,288,000 after buying an additional 313,584 shares during the period. Cynosure Group LLC purchased a new stake in shares of Tetra Tech during the third quarter worth $365,000. Townsquare Capital LLC boosted its position in Tetra Tech by 430.8% during the third quarter. Townsquare Capital LLC now owns 6,327 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 5,135 shares during the last quarter. Thematics Asset Management grew its stake in Tetra Tech by 374.0% in the third quarter. Thematics Asset Management now owns 273,750 shares of the industrial products company’s stock valued at $12,910,000 after purchasing an additional 216,000 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in Tetra Tech by 402.7% in the third quarter. D.A. Davidson & CO. now owns 40,493 shares of the industrial products company’s stock valued at $1,910,000 after purchasing an additional 32,438 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

Shares of TTEK opened at $41.47 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a one year low of $30.92 and a one year high of $51.20. The company’s fifty day moving average price is $46.86 and its 200 day moving average price is $44.61. The company has a market capitalization of $11.10 billion, a PE ratio of 33.66 and a beta of 0.94.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.058 per share. The ex-dividend date of this dividend 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 other news, Director Kimberly E. Ritrievi sold 6,500 shares of the company’s 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 completion of the transaction, the director now owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The sale 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 stock in a transaction dated 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 of the company’s stock, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 in the last 90 days. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.