Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 529.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 187,676 shares of the industrial products company’s stock after purchasing an additional 157,855 shares during the quarter. Raymond James & Associates owned about 0.35% of Tetra Tech worth $8,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech in the second quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its stake in Tetra Tech by 561.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 174 shares during the period. Family Firm Inc. acquired a new position in Tetra Tech in the 2nd quarter valued at $51,000. Quarry LP purchased a new position in shares of Tetra Tech during the 2nd quarter worth $54,000. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Tetra Tech by 125.8% during the first quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 151 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Dan L. Batrack sold 89,620 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 124,380 shares in the company, valued at $5,664,762.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction on 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 sale, the chief executive officer now owns 124,380 shares in the company, valued at approximately $5,664,762.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Preston Hopson III sold 25,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the transaction, the senior vice president now owns 43,710 shares in the company, valued at $2,037,497.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 236,370 shares of company stock worth $10,880,243 in the last quarter. 0.61% of the stock is owned by corporate insiders.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $50.52 on Wednesday. The business’s 50-day simple moving average is $47.45 and its 200 day simple moving average is $43.66. The company has a market cap of $2.70 billion, a P/E ratio of 10.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21. Tetra Tech, Inc. has a one year low of $29.09 and a one year high of $50.69.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 5.72% and a return on equity of 21.50%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, sell-side analysts forecast that Tetra Tech, Inc. will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on TTEK shares. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. KeyCorp boosted their target price 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. Royal Bank of Canada upped their price target 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. Finally, Robert W. Baird lifted their price target on shares of Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $50.48.

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.