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

Legacy Wealth Asset Management LLC decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,814 shares of the industrial products company’s stock after selling 1,331 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Tetra Tech were worth $1,228,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Tetra Tech by 629.3% in the 3rd 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 last quarter. LGT Financial Advisors LLC lifted its stake 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 valued at $26,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC boosted 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 in the last quarter. Canton Hathaway LLC grew its position in 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 increased its holdings in shares of Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after buying an additional 545 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the subject of several research reports. KeyCorp reduced their price objective 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. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note 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 company a “neutral” rating in a research note on Thursday, November 14th. Finally, StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Stock Up 1.1 %

Shares of Tetra Tech stock opened at $42.34 on Friday. Tetra Tech, Inc. has a 1 year low of $31.61 and a 1 year high of $51.20. The company has a market cap of $11.34 billion, a P/E ratio of 34.37 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $41.57 and a 200 day moving average price of $44.27.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is 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.