Cwm LLC Buys 1,109 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Cwm LLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 364.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,413 shares of the industrial products company’s stock after purchasing an additional 1,109 shares during the period. Cwm LLC’s holdings in Tetra Tech were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTEK. Vanguard Group Inc. increased its stake in shares of Tetra Tech by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company’s stock worth $954,684,000 after purchasing an additional 14,701 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Tetra Tech by 27.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 677,130 shares of the industrial products company’s stock worth $138,459,000 after buying an additional 144,706 shares during the period. Ninety One UK Ltd purchased a new stake in Tetra Tech in the 2nd quarter worth $135,897,000. LGT Group Foundation raised its holdings in Tetra Tech by 7,481.7% during the second quarter. LGT Group Foundation now owns 491,444 shares of the industrial products company’s stock valued at $100,490,000 after acquiring an additional 484,962 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Tetra Tech by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 488,695 shares of the industrial products company’s stock valued at $99,928,000 after acquiring an additional 14,060 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

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

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $50.52 on Wednesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 10.19 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $29.09 and a 1 year high of $50.69. The stock’s 50 day simple moving average is $47.45 and its two-hundred day simple moving average is $43.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.26 earnings per share. Tetra Tech’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dan L. Batrack sold 89,620 shares of the stock in a transaction dated 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 owns 124,380 shares of the company’s stock, valued at approximately $5,664,762.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tetra Tech news, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the sale, the chief executive officer now directly owns 124,380 shares in the company, valued at $5,664,762.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction that occurred 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 transaction, the executive vice president now owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 236,370 shares of company stock valued at $10,880,243 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech 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.