Centiva Capital LP Has $2.23 Million Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Centiva Capital LP lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1,911.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,355 shares of the industrial products company’s stock after purchasing an additional 45,001 shares during the quarter. Centiva Capital LP’s holdings in Tetra Tech were worth $2,233,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTEK. CWM LLC raised its position in Tetra Tech by 20.2% in the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after buying an additional 51 shares during the last quarter. ELCO Management Co. LLC grew its stake in Tetra Tech by 4.8% in the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 60 shares during the period. CIBC Asset Management Inc grew its stake in Tetra Tech by 4.8% in the 2nd quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 70 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Tetra Tech by 4.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 77 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Tetra Tech by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock valued at $2,296,000 after purchasing an additional 86 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,750 shares of company stock valued at $5,633,239. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTEK. Robert W. Baird increased their price target on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. KeyCorp cut their price target 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. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research note 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, the company has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Stock Performance

Shares of TTEK opened at $41.77 on Tuesday. The stock’s 50-day simple moving average is $46.48 and its 200 day simple moving average is $44.58. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 33.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a 52-week low of $31.61 and a 52-week high of $51.20.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.058 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. 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.