Corsair Capital Management L.P. Has $3.15 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Corsair Capital Management L.P. grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 17.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,825 shares of the industrial products company’s stock after buying an additional 10,000 shares during the quarter. Tetra Tech accounts for about 0.7% of Corsair Capital Management L.P.’s portfolio, making the stock its 23rd largest holding. Corsair Capital Management L.P.’s holdings in Tetra Tech were worth $3,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Tetra Tech by 615.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 19,193 shares during the period. SFE Investment Counsel grew its holdings in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after acquiring an additional 28,679 shares during the last quarter. Caldwell Investment Management Ltd. increased its position in Tetra Tech by 400.0% in the 3rd quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company’s stock valued at $2,157,000 after acquiring an additional 37,200 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Tetra Tech by 400.0% during the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 556 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now owns 112,620 shares in the company, valued at $5,244,713.40. This trade represents a 24.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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 approximately $13,649,251.65. The trade was a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $41.64 on Wednesday. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $46.86 and a 200 day simple moving average of $44.61. The company has a market cap of $11.15 billion, a P/E ratio of 33.80 and a beta of 0.94.

Tetra Tech Dividend Announcement

The firm also recently declared 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 currently 18.67%.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of analyst reports. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. KeyCorp reduced their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.32.

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.