Oddo BHF Asset Management Sas Invests $2.35 Million in Tetra Tech, Inc. (NASDAQ:TTEK)

Oddo BHF Asset Management Sas purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,725 shares of the industrial products company’s stock, valued at approximately $2,345,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC raised its position in Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 51 shares during the last quarter. ELCO Management Co. LLC grew its holdings in shares of Tetra Tech by 4.8% in the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 60 shares during the period. CIBC Asset Management Inc increased its stake in Tetra Tech by 4.8% in the 2nd quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 70 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Tetra Tech by 4.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 77 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Tetra Tech by 0.8% in the second quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock valued at $2,296,000 after purchasing an additional 86 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp cut their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird increased their price target 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Price Performance

Tetra Tech stock opened at $42.04 on Friday. The firm’s 50-day moving average is $45.61 and its two-hundred day moving average is $44.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $11.26 billion, a P/E ratio of 34.12 and a beta of 0.88. Tetra Tech, Inc. has a 12-month low of $31.61 and a 12-month high of $51.20.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.55%. Tetra Tech’s payout ratio is currently 18.67%.

Tetra Tech 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.