First Business Financial Services Inc. raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,212 shares of the industrial products company’s stock after purchasing an additional 147 shares during the period. First Business Financial Services Inc.’s holdings in Tetra Tech were worth $365,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Nuveen Asset Management LLC grew its stake in Tetra Tech by 3,925.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 673,534 shares of the industrial products company’s stock worth $52,906,000 after purchasing an additional 656,802 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Tetra Tech by 161.5% in the 2nd quarter. Wells Fargo & Company MN now owns 518,983 shares of the industrial products company’s stock valued at $40,767,000 after purchasing an additional 320,512 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Tetra Tech by 28.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 816,078 shares of the industrial products company’s stock valued at $64,103,000 after purchasing an additional 182,242 shares during the period. Sandler Capital Management purchased a new stake in Tetra Tech during the 2nd quarter valued at approximately $13,233,000. Finally, Columbus Circle Investors raised its stake in Tetra Tech by 478.2% during the 2nd quarter. Columbus Circle Investors now owns 184,299 shares of the industrial products company’s stock valued at $14,477,000 after acquiring an additional 152,423 shares during the last quarter. 86.08% of the stock is currently owned by institutional investors.
Tetra Tech stock traded down $0.06 during midday trading on Friday, reaching $86.67. The stock had a trading volume of 231,000 shares, compared to its average volume of 381,120. The stock has a market capitalization of $4.82 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. Tetra Tech, Inc. has a twelve month low of $48.52 and a twelve month high of $90.34. The stock’s 50-day simple moving average is $86.05 and its 200 day simple moving average is $78.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 1.73.
In other Tetra Tech news, SVP Richard A. Lemmon sold 11,510 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $82.74, for a total value of $952,337.40. Following the transaction, the senior vice president now owns 45,667 shares of the company’s stock, valued at $3,778,487.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Craig L. Christensen sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $80.43, for a total value of $402,150.00. The disclosure for this sale can be found here. Insiders sold 128,009 shares of company stock worth $10,375,455 in the last ninety days. 3.00% of the stock is owned by corporate insiders.
Several research firms have commented on TTEK. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Friday. Maxim Group set a $92.00 price objective on Tetra Tech and gave the stock a “buy” rating in a report on Friday, August 23rd. ValuEngine cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Roth Capital lifted their target price on Tetra Tech from $75.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.00.
About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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