Teachers Advisors LLC raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,679 shares of the industrial products company’s stock after purchasing an additional 2,724 shares during the quarter. Teachers Advisors LLC owned 0.20% of Tetra Tech worth $7,423,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Tetra Tech by 3.1% during the 3rd quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock valued at $574,955,000 after purchasing an additional 251,711 shares during the period. KAMES CAPITAL plc raised its stake in Tetra Tech by 2.6% during the 3rd quarter. KAMES CAPITAL plc now owns 1,480,699 shares of the industrial products company’s stock valued at $101,132,000 after purchasing an additional 37,262 shares during the period. Macquarie Group Ltd. raised its stake in Tetra Tech by 6.0% during the 3rd quarter. Macquarie Group Ltd. now owns 971,031 shares of the industrial products company’s stock valued at $66,322,000 after purchasing an additional 55,171 shares during the period. Bank of New York Mellon Corp raised its stake in Tetra Tech by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 841,336 shares of the industrial products company’s stock valued at $57,464,000 after purchasing an additional 8,402 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its stake in Tetra Tech by 8.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 400,033 shares of the industrial products company’s stock valued at $27,322,000 after purchasing an additional 30,520 shares during the period. 84.49% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on TTEK. BidaskClub raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Robert W. Baird boosted their target price on shares of Tetra Tech from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, November 8th. Maxim Group set a $87.00 target price on shares of Tetra Tech and gave the company a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research reissued a “hold” rating on shares of Tetra Tech in a research note on Saturday, November 17th. Finally, Boenning Scattergood reissued a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a research note on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $70.43.
In related news, CEO Dan L. Batrack sold 44,869 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $65.11, for a total value of $2,921,420.59. Following the completion of the sale, the chief executive officer now directly owns 305,800 shares in the company, valued at $19,910,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Craig L. Christensen sold 4,025 shares of the company’s stock in a transaction on Thursday, January 10th. The stock was sold at an average price of $52.79, for a total transaction of $212,479.75. The disclosure for this sale can be found here. Insiders sold 77,382 shares of company stock worth $4,830,265 over the last ninety days. 3.40% of the stock is currently owned by company insiders.
NASDAQ TTEK opened at $53.26 on Monday. Tetra Tech, Inc. has a 1-year low of $44.65 and a 1-year high of $72.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $2.93 billion, a PE ratio of 20.17, a P/E/G ratio of 1.31 and a beta of 1.07.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Tetra Tech had a net margin of 4.62% and a return on equity of 15.80%. The business had revenue of $563.67 million for the quarter, compared to the consensus estimate of $571.33 million. During the same period in the prior year, the business posted $0.63 earnings per share. Tetra Tech’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Tetra Tech, Inc. will post 2.88 EPS for the current year.
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About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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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