Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its stake in Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 866,098 shares of the industrial products company’s stock after buying an additional 98,751 shares during the period. Bank of America Corp DE’s holdings in Tetra Tech were worth $142,854,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTEK. AdvisorNet Financial Inc acquired a new stake in Tetra Tech during the 1st quarter worth $35,000. Quadrant Capital Group LLC boosted its stake in Tetra Tech by 156.8% during the 1st quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 127 shares during the period. Covestor Ltd boosted its stake in Tetra Tech by 90.8% during the 1st quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 118 shares during the period. Signaturefd LLC boosted its stake in Tetra Tech by 581.8% during the 1st quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 256 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Tetra Tech by 34.4% during the 1st quarter. Fifth Third Bancorp now owns 508 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 85.93% of the company’s stock.

Tetra Tech Stock Down 2.2 %

Shares of Tetra Tech stock opened at $127.65 on Friday. The company has a market cap of $6.85 billion, a P/E ratio of 26.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.21 and a current ratio of 1.21. Tetra Tech, Inc. has a one year low of $118.55 and a one year high of $192.91. The firm has a fifty day moving average of $141.73 and a two-hundred day moving average of $142.14.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. Tetra Tech’s payout ratio is currently 19.01%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Friday. Northcoast Research assumed coverage on shares of Tetra Tech in a research note on Friday, July 15th. They set a “neutral” rating for the company.

Insiders Place Their Bets

In other news, Director J Christopher Lewis sold 16,800 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.62, for a total value of $2,412,816.00. Following the completion of the transaction, the director now owns 70,496 shares in the company, valued at approximately $10,124,635.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director J Christopher Lewis sold 16,800 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.62, for a total value of $2,412,816.00. Following the completion of the transaction, the director now owns 70,496 shares in the company, valued at approximately $10,124,635.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kirsten M. Volpi sold 1,200 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $144.66, for a total transaction of $173,592.00. Following the completion of the transaction, the director now owns 11,275 shares of the company’s stock, valued at approximately $1,631,041.50. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Tetra Tech Company Profile

(Get Rating)

Tetra Tech, Inc provides consulting and engineering services worldwide. 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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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