Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Increased by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,422 shares of the industrial products company’s stock after buying an additional 411 shares during the quarter. Nordea Investment Management AB’s holdings in Tetra Tech were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after buying an additional 174 shares in the last quarter. Quarry LP bought a new stake in shares of Tetra Tech during the 2nd quarter worth about $54,000. Allworth Financial LP raised its position 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 worth $26,000 after buying an additional 472 shares in the last quarter. LGT Financial Advisors LLC raised its position in shares of Tetra Tech by 400.0% during the 3rd 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 in the last quarter. Finally, Carolinas Wealth Consulting LLC bought a new stake in shares of Tetra Tech during the 2nd quarter worth about $123,000. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of research reports. Robert W. Baird boosted 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. KeyCorp dropped their target price 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. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $49.32.

Tetra Tech Stock Performance

Tetra Tech stock opened at $41.02 on Friday. The firm’s 50 day simple moving average is $42.09 and its 200-day simple moving average is $44.29. The company has a market cap of $10.98 billion, a P/E ratio of 33.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a fifty-two week low of $31.61 and a fifty-two week high of $51.20.

Tetra Tech Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio (DPR) is currently 18.70%.

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.