Cynosure Group LLC Takes $365,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Cynosure Group LLC bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 7,735 shares of the industrial products company’s stock, valued at approximately $365,000.

Several other large investors also recently made changes to their positions in TTEK. Allworth Financial LP grew its stake in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 472 shares during the period. LGT Financial Advisors LLC grew its position in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares during the period. Banque Cantonale Vaudoise bought a new stake in Tetra Tech during the 2nd quarter valued at $28,000. Venturi Wealth Management LLC raised its holdings in Tetra Tech by 3,261.1% during the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC lifted its stake in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after buying an additional 516 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

TTEK stock opened at $41.47 on Friday. The business has a 50 day moving average of $46.77 and a 200-day moving average of $44.60. The firm has a market cap of $11.10 billion, a PE ratio of 33.66 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.44.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given 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 is Wednesday, November 27th. Tetra Tech’s dividend payout ratio is presently 18.67%.

Analyst Ratings Changes

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

Insider Transactions at Tetra Tech

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

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.