Walleye Capital LLC Acquires 5,824 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Walleye Capital LLC increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2,141.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,096 shares of the industrial products company’s stock after purchasing an additional 5,824 shares during the quarter. Walleye Capital LLC’s holdings in Tetra Tech were worth $287,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC lifted its holdings in Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after buying an additional 444 shares during the period. Banque Cantonale Vaudoise acquired a new position in Tetra Tech in the second quarter valued at $28,000. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 587 shares during the period. Finally, Canton Hathaway LLC raised its holdings in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTEK. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a 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 company a “neutral” rating in a report on Thursday, November 14th. Finally, KeyCorp dropped their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Trading Up 0.3 %

Shares of TTEK stock opened at $42.41 on Wednesday. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $45.96 and a two-hundred day simple moving average of $44.54. The company has a market capitalization of $11.35 billion, a price-to-earnings ratio of 34.42 and a beta of 0.89.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, November 27th. Tetra Tech’s payout ratio 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.