Vestcor Inc Buys 11,954 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Vestcor Inc grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 366.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 15,220 shares of the industrial products company’s stock after acquiring an additional 11,954 shares during the period. Vestcor Inc’s holdings in Tetra Tech were worth $718,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TTEK. Allworth Financial LP boosted its position in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC grew its stake in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Tetra Tech in the second quarter valued at $28,000. Venturi Wealth Management LLC raised its position in Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC lifted its holdings in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 1.2 %

NASDAQ:TTEK opened at $41.75 on Friday. The firm has a fifty day simple moving average of $45.73 and a two-hundred day simple moving average of $44.52. Tetra Tech, Inc. has a 12 month low of $31.61 and a 12 month high of $51.20. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 33.89 and a beta of 0.88. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given 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 payout ratio is 18.67%.

Analysts Set New Price Targets

A number of analysts have weighed in on TTEK shares. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. KeyCorp dropped 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 reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday, November 15th. Finally, StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from 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.