International Assets Investment Management LLC Increases Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

International Assets Investment Management LLC lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 20,753.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 277,140 shares of the industrial products company’s stock after buying an additional 275,811 shares during the quarter. International Assets Investment Management LLC owned 0.10% of Tetra Tech worth $13,070,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. CWM LLC grew its stake in Tetra Tech by 20.2% during the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 51 shares in the last quarter. ELCO Management Co. LLC grew its stake in Tetra Tech by 4.8% during the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock valued at $268,000 after purchasing an additional 60 shares in the last quarter. CIBC Asset Management Inc grew its stake in Tetra Tech by 4.8% during the 2nd quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 70 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Tetra Tech by 3.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,468 shares of the industrial products company’s stock valued at $456,000 after purchasing an additional 75 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Tetra Tech by 4.0% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 77 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

Shares of TTEK opened at $50.03 on Thursday. Tetra Tech, Inc. has a 52 week low of $29.31 and a 52 week high of $50.69. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 10.23 and a beta of 0.94. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $47.53 and a 200-day moving average of $43.74.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts forecast that Tetra Tech, Inc. will post 1.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price objective on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada lifted 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. Finally, KeyCorp lifted their target price on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $50.48.

Insider Activity at Tetra Tech

In related news, SVP Preston Hopson III sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the completion of the transaction, the senior vice president now owns 43,710 shares in the company, valued at $2,037,497.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tetra Tech news, SVP Preston Hopson III sold 25,000 shares of Tetra Tech stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the sale, the senior vice president now owns 43,710 shares of the company’s stock, valued at $2,037,497.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 236,370 shares of company stock worth $10,880,243 in the last 90 days. 0.61% 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.