Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been given an average rating of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $49.32.

A number of brokerages have recently issued reports on TTEK. KeyCorp reduced their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th.

Tetra Tech Trading Down 1.7 %

Shares of NASDAQ:TTEK opened at $39.54 on Tuesday. The stock has a 50 day moving average of $42.85 and a 200 day moving average of $44.34. The company has a market cap of $10.59 billion, a PE ratio of 32.09 and a beta of 0.90. Tetra Tech has a 12-month low of $31.61 and a 12-month high of $51.20. 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 disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.59%. Tetra Tech’s payout ratio is 18.70%.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its stake in 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 last quarter. Arkadios Wealth Advisors raised its stake in Tetra Tech by 615.8% during the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after purchasing an additional 19,193 shares in the last quarter. SFE Investment Counsel lifted its position in Tetra Tech by 374.8% during the third 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 during the last quarter. Caldwell Investment Management Ltd. grew its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock worth $2,157,000 after buying an additional 37,200 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after buying an additional 556 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

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.