Y Intercept Hong Kong Ltd Sells 39,444 Shares of Tetra Tech, Inc. $TTEK

Y Intercept Hong Kong Ltd reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 68.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,084 shares of the industrial products company’s stock after selling 39,444 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tetra Tech were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE increased its holdings in Tetra Tech by 1.7% in the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 299 shares in the last quarter. Ethic Inc. increased its holdings in Tetra Tech by 1.2% in the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 334 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Tetra Tech by 22.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 377 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Tetra Tech by 1.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 30,713 shares of the industrial products company’s stock worth $1,104,000 after purchasing an additional 391 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Tetra Tech by 5.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the sale, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of recent research reports. KeyCorp upped their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. National Bank Financial started coverage on Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Tetra Tech Trading Up 1.5%

NASDAQ TTEK opened at $32.58 on Thursday. The business has a 50 day simple moving average of $34.30 and a 200 day simple moving average of $35.04. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The stock has a market capitalization of $8.56 billion, a P/E ratio of 40.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech Company 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.