Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 461.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,548 shares of the industrial products company’s stock after purchasing an additional 2,916 shares during the period. Farther Finance Advisors LLC’s holdings in Tetra Tech were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTEK. Envestnet Portfolio Solutions Inc. raised its stake in shares of Tetra Tech by 88.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock valued at $2,288,000 after purchasing an additional 5,819 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Tetra Tech by 4.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,547 shares of the industrial products company’s stock worth $1,579,000 after purchasing an additional 369 shares during the period. Sei Investments Co. boosted its holdings in shares of Tetra Tech by 3.2% during the first quarter. Sei Investments Co. now owns 97,745 shares of the industrial products company’s stock valued at $18,054,000 after acquiring an additional 3,049 shares during the period. Headlands Technologies LLC bought a new position in Tetra Tech in the 1st quarter worth about $280,000. Finally, US Bancorp DE raised its position in shares of Tetra Tech by 43.3% during the 1st quarter. US Bancorp DE now owns 3,270 shares of the industrial products company’s stock worth $604,000 after buying an additional 988 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Tetra Tech stock opened at $46.81 on Monday. The company has a market capitalization of $12.53 billion, a PE ratio of 43.26 and a beta of 0.94. Tetra Tech, Inc. has a one year low of $30.30 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $47.78 and a 200 day simple moving average of $44.33.

Insider Activity

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 directly owns 112,620 shares of the company’s stock, valued at $5,244,713.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,750 shares of company stock worth $5,633,239. Insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. KeyCorp increased their target price on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their price target on Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird lifted their price target on Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.48.

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.