Tetra Tech (NASDAQ:TTEK) Raised to “Buy” at StockNews.com

Tetra Tech (NASDAQ:TTEKGet Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Northcoast Research began coverage on shares of Tetra Tech in a research report on Friday, July 15th. They issued a “neutral” rating for the company.

Tetra Tech Trading Down 2.2 %

Shares of Tetra Tech stock opened at $127.65 on Friday. The firm has a 50-day simple moving average of $141.73 and a two-hundred day simple moving average of $142.14. The company has a market cap of $6.85 billion, a P/E ratio of 26.37 and a beta of 0.92. Tetra Tech has a fifty-two week low of $118.55 and a fifty-two week high of $192.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.21 and a current ratio of 1.21.

Insider Buying and Selling

In related news, Director J Christopher Lewis sold 16,800 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.62, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Kirsten M. Volpi sold 1,200 shares of the company’s 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 sale, the director now owns 11,275 shares of the company’s stock, valued at approximately $1,631,041.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Christopher Lewis sold 16,800 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $143.62, for a total transaction of $2,412,816.00. Following the sale, the director now directly owns 70,496 shares of the company’s stock, valued at approximately $10,124,635.52. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of Tetra Tech

Several large investors have recently bought and sold shares of TTEK. Brown Brothers Harriman & Co. purchased a new stake in Tetra Tech during the 2nd quarter valued at about $25,000. AdvisorNet Financial Inc purchased a new stake in shares of Tetra Tech in the 1st quarter valued at approximately $35,000. Quadrant Capital Group LLC grew its stake in shares of Tetra Tech by 156.8% in the 1st quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock valued at $35,000 after buying an additional 127 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Tetra Tech in the 2nd quarter valued at approximately $39,000. Finally, Covestor Ltd grew its stake in shares of Tetra Tech by 90.8% in the 1st quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 85.93% of the company’s stock.

About Tetra Tech

(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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