Signaturefd LLC Buys 1,242 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Signaturefd LLC lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 388.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562 shares of the industrial products company’s stock after purchasing an additional 1,242 shares during the quarter. Signaturefd LLC’s holdings in Tetra Tech were worth $74,000 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 stock. Vanguard Group Inc. lifted its position in Tetra Tech by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company’s stock valued at $954,684,000 after acquiring an additional 14,701 shares in the last quarter. Sarasin & Partners LLP lifted its position in Tetra Tech by 330.9% in the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock valued at $233,460,000 after acquiring an additional 3,801,435 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Tetra Tech by 387.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock valued at $155,601,000 after acquiring an additional 2,622,288 shares in the last quarter. Copeland Capital Management LLC lifted its position in Tetra Tech by 289.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company’s stock valued at $86,032,000 after acquiring an additional 1,355,351 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in Tetra Tech by 409.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,425,589 shares of the industrial products company’s stock valued at $67,231,000 after acquiring an additional 1,145,738 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 4.2 %

Shares of TTEK stock opened at $50.52 on Wednesday. The company has a 50 day moving average of $47.45 and a 200-day moving average of $43.66. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12-month low of $29.09 and a 12-month high of $50.69. The firm has a market cap of $2.70 billion, a P/E ratio of 10.23 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEKGet Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Tetra Tech had a net margin of 5.72% and a return on equity of 21.50%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.26 EPS. Tetra Tech’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.25 earnings per share for the current year.

Insider Transactions at Tetra Tech

In related news, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total value of $4,081,653.28. Following the completion of the transaction, the chief executive officer now directly owns 124,380 shares in the company, valued at approximately $5,664,762.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total value of $4,081,653.28. Following the completion of the transaction, the chief executive officer now directly owns 124,380 shares in the company, valued at approximately $5,664,762.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now owns 143,200 shares of the company’s stock, valued at $6,655,936. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 236,370 shares of company stock worth $10,880,243 in the last quarter. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TTEK shares. Royal Bank of Canada raised their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. KeyCorp increased their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird increased their price objective on shares of Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.48.

View Our Latest Analysis on TTEK

Tetra Tech Profile

(Free Report)

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.

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

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