Managed Asset Portfolios LLC Has $29.59 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Managed Asset Portfolios LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 255.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 627,506 shares of the industrial products company’s stock after purchasing an additional 451,099 shares during the quarter. Tetra Tech comprises approximately 4.2% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 4th biggest holding. Managed Asset Portfolios LLC’s holdings in Tetra Tech were worth $29,593,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TTEK. Harbor Capital Advisors Inc. lifted its stake in shares of Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after acquiring an additional 31,445 shares during the period. Arkadios Wealth Advisors lifted its position in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares during the period. SFE Investment Counsel boosted its stake in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after purchasing an additional 28,679 shares in the last quarter. US Bancorp DE increased its position in shares of Tetra Tech by 401.8% during the 3rd quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock valued at $806,000 after purchasing an additional 13,687 shares during the period. Finally, VELA Investment Management LLC raised its stake in shares of Tetra Tech by 703.9% in the 3rd quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock worth $2,759,000 after buying an additional 51,232 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 0.4 %

Shares of TTEK opened at $40.96 on Friday. 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 stock has a market capitalization of $10.97 billion, a P/E ratio of 33.25 and a beta of 0.94. The business’s 50-day moving average price is $47.06 and its 200 day moving average price is $44.62.

Tetra Tech Announces Dividend

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

Insider Activity at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares of the company’s stock, valued at $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Tetra Tech Company Profile

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.