Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 357.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,070,483 shares of the industrial products company’s stock after buying an additional 1,618,211 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tetra Tech were worth $97,644,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Navellier & Associates Inc. increased its position in shares of Tetra Tech by 280.3% during the third quarter. Navellier & Associates Inc. now owns 9,960 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 7,341 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Tetra Tech during the 3rd quarter valued at approximately $600,000. Intech Investment Management LLC grew its position in shares of Tetra Tech by 65.9% during the third quarter. Intech Investment Management LLC now owns 13,407 shares of the industrial products company’s stock worth $632,000 after buying an additional 5,324 shares in the last quarter. King Luther Capital Management Corp increased its stake in shares of Tetra Tech by 662.6% in the third quarter. King Luther Capital Management Corp now owns 301,485 shares of the industrial products company’s stock worth $14,218,000 after buying an additional 261,951 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in Tetra Tech by 386.8% in the third quarter. Moran Wealth Management LLC now owns 220,955 shares of the industrial products company’s stock valued at $10,420,000 after acquiring an additional 175,566 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

NASDAQ TTEK opened at $41.64 on Wednesday. The company has a 50-day moving average price of $46.95 and a two-hundred day moving average price of $44.61. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20. The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 33.85 and a beta of 0.94. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

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 issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is 18.70%.

Insider Buying and Selling at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech 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 sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’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 transaction, 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 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 quarter. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on TTEK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird lifted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. KeyCorp cut 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. 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 MarketBeat, the stock has a consensus 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.