Andra AP fonden Increases Position in Tetra Tech, Inc. $TTEK

Andra AP fonden lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 899.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,408 shares of the industrial products company’s stock after buying an additional 65,166 shares during the quarter. Andra AP fonden’s holdings in Tetra Tech were worth $2,604,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TTEK. Vanguard Group Inc. boosted its stake in shares of Tetra Tech by 4.9% in the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after acquiring an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Tetra Tech by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after purchasing an additional 484,053 shares in the last quarter. Sarasin & Partners LLP boosted its stake in Tetra Tech by 1.2% in the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after purchasing an additional 55,012 shares during the period. Robeco Schweiz AG grew its holdings in Tetra Tech by 30.3% during the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock valued at $93,369,000 after buying an additional 742,241 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Tetra Tech by 4.8% during the first quarter. Northern Trust Corp now owns 2,878,408 shares of the industrial products company’s stock valued at $84,193,000 after buying an additional 132,974 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.9%

Shares of NASDAQ:TTEK opened at $32.22 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $48.73. The company has a 50-day moving average price of $34.12 and a 200 day moving average price of $35.04. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 40.28 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price for the company. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a research report on Monday, September 29th. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, KeyCorp raised their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech has a consensus rating of “Hold” and a consensus price target of $41.00.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the business’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 transaction, the director owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.