Landscape Capital Management L.L.C. Makes New $600,000 Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Landscape Capital Management L.L.C. purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,724 shares of the industrial products company’s stock, valued at approximately $600,000.

Other large investors have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Tetra Tech in the second quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in shares of Tetra Tech by 561.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 174 shares during the period. Family Firm Inc. acquired a new position in shares of Tetra Tech in the 2nd quarter valued at approximately $51,000. Quarry LP bought a new stake in Tetra Tech during the 2nd quarter worth approximately $54,000. Finally, 1832 Asset Management L.P. raised its holdings in Tetra Tech by 125.8% during the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company’s stock worth $50,000 after buying an additional 151 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.4 %

Shares of TTEK stock opened at $40.96 on Friday. The firm’s fifty day moving average price is $47.06 and its two-hundred day moving average price is $44.62. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The firm has a market capitalization of $10.97 billion, a P/E ratio of 33.25 and a beta of 0.94.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.57%. Tetra Tech’s payout ratio is presently 18.67%.

Insider Activity at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, the executive vice president now owns 296,015 shares in the company, valued at $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at $6,655,936. This represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the subject of several research analyst reports. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Finally, KeyCorp reduced their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.