Tetra Tech, Inc. (NASDAQ:TTEK) Position Lessened by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,814 shares of the industrial products company’s stock after selling 1,331 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Tetra Tech were worth $1,228,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 472 shares in the last quarter. LGT Financial Advisors LLC increased its position in Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after buying an additional 444 shares during the last quarter. 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 valued at $29,000 after buying an additional 587 shares in the last quarter. Canton Hathaway LLC lifted its position 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 worth $30,000 after buying an additional 516 shares during the last quarter. Finally, USA Financial Formulas boosted its stake in shares of Tetra Tech by 332.3% during the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 545 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 1.1 %

Shares of TTEK stock opened at $42.34 on Friday. Tetra Tech, Inc. has a 12 month low of $31.61 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. The firm has a market cap of $11.34 billion, a PE ratio of 34.37 and a beta of 0.90. The stock has a 50 day moving average of $41.57 and a 200-day moving average of $44.27.

Tetra Tech Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. KeyCorp cut their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird upped their price objective 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average 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.