Virtu Financial LLC Purchases New Shares in Tetra Tech, Inc. (NASDAQ:TTEK)

Virtu Financial LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,047 shares of the industrial products company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTEK. Banque Cantonale Vaudoise purchased a new stake in shares of Tetra Tech during the second quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its position in Tetra Tech by 561.3% during the 2nd 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 stake in shares of Tetra Tech in the 2nd quarter worth $51,000. Quarry LP purchased a new stake in shares of Tetra Tech in the second quarter valued at about $54,000. Finally, CWM LLC increased its stake in shares of Tetra Tech by 20.2% during the second 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. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tetra Tech Stock Performance

Shares of TTEK stock opened at $41.49 on Wednesday. The stock has a fifty day moving average price of $45.48 and a 200 day moving average price of $44.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $11.11 billion, a PE ratio of 33.83 and a beta of 0.88. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.70%.

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.