Brown Brothers Harriman & Co. Purchases 864 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Brown Brothers Harriman & Co. grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,080 shares of the industrial products company’s stock after buying an additional 864 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Tetra Tech were worth $51,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TTEK. Price T Rowe Associates Inc. MD lifted its position in Tetra Tech by 7.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,613 shares of the industrial products company’s stock worth $5,286,000 after buying an additional 2,096 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of Tetra Tech by 3.5% during the first quarter. iA Global Asset Management Inc. now owns 3,518 shares of the industrial products company’s stock worth $650,000 after purchasing an additional 119 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Tetra Tech by 90.8% in the first quarter. Cetera Investment Advisers now owns 8,605 shares of the industrial products company’s stock valued at $1,589,000 after purchasing an additional 4,096 shares in the last quarter. Cetera Advisors LLC bought a new position in Tetra Tech in the 1st quarter worth approximately $208,000. Finally, GAMMA Investing LLC lifted its holdings in Tetra Tech by 66.2% during the 2nd quarter. GAMMA Investing LLC now owns 502 shares of the industrial products company’s stock worth $103,000 after buying an additional 200 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TTEK shares. KeyCorp dropped their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research report 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. Finally, Robert W. Baird increased their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $49.32.

Insider Transactions at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This represents a 20.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock valued at $5,633,239 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Price Performance

Tetra Tech stock opened at $41.47 on Friday. The business has a 50-day moving average of $46.77 and a 200-day moving average of $44.60. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The firm has a market capitalization of $11.10 billion, a P/E ratio of 33.66 and a beta of 0.94. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.56%. Tetra Tech’s dividend payout ratio (DPR) is presently 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.