Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $50.48.

A number of research firms recently commented on TTEK. KeyCorp boosted their price target on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada upped their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the stock 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 report on Tuesday, October 15th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $46.81 on Monday. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 43.26 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $47.78 and its 200-day simple moving average is $44.33. Tetra Tech has a 52 week low of $30.30 and a 52 week high of $51.20.

Insider Buying and Selling

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now directly owns 143,200 shares in the company, valued at $6,655,936. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,750 shares of company stock valued at $5,633,239. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Tetra Tech

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 472 shares during the period. LGT Financial Advisors LLC boosted its stake in shares of Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Tetra Tech during the second quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its stake in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares in the last quarter. Finally, USA Financial Formulas lifted its holdings in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after buying an additional 545 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

About Tetra Tech

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.