Tetra Tech (NASDAQ:TTEK) Stock Rating Lowered by StockNews.com

Tetra Tech (NASDAQ:TTEK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other analysts have also issued research reports about the company. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, KeyCorp dropped their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Trading Up 0.8 %

Tetra Tech stock opened at $41.27 on Friday. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 33.50 and a beta of 0.94. Tetra Tech has a 1 year low of $30.92 and a 1 year high of $51.20. The firm’s 50 day moving average price is $47.60 and its two-hundred day moving average price is $44.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 1.25.

Insider Transactions at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the sale, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This represents a 24.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 in the last 90 days. 0.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in Tetra Tech by 43.3% during the first quarter. US Bancorp DE now owns 3,270 shares of the industrial products company’s stock valued at $604,000 after acquiring an additional 988 shares during the period. Vanguard Group Inc. grew its holdings 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 buying an additional 14,701 shares during the last quarter. Edgestream Partners L.P. increased its position in Tetra Tech by 355.8% in the 1st quarter. Edgestream Partners L.P. now owns 9,302 shares of the industrial products company’s stock worth $1,718,000 after buying an additional 7,261 shares during the period. Covestor Ltd lifted its holdings in shares of Tetra Tech by 421.1% during the first quarter. Covestor Ltd now owns 495 shares of the industrial products company’s stock worth $92,000 after buying an additional 400 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Tetra Tech by 8.3% in the first quarter. Bahl & Gaynor Inc. now owns 41,546 shares of the industrial products company’s stock valued at $7,674,000 after acquiring an additional 3,200 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.