29,024 Shares in Tetra Tech, Inc. $TTEK Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,024 shares of the industrial products company’s stock, valued at approximately $1,044,000.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Tetra Tech by 1.7% in the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 299 shares in the last quarter. Ethic Inc. raised its position in Tetra Tech by 1.2% in the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after buying an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Tetra Tech by 22.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock valued at $74,000 after acquiring an additional 377 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in Tetra Tech by 1.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 30,713 shares of the industrial products company’s stock worth $1,104,000 after acquiring an additional 391 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Tetra Tech by 5.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

Tetra Tech Trading Up 0.9%

Shares of NASDAQ:TTEK opened at $32.22 on Friday. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $48.73. The company has a market capitalization of $8.47 billion, a P/E ratio of 40.28 and a beta of 0.96. The company has a 50-day simple moving average of $34.12 and a 200 day simple moving average of $35.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTEK. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. National Bank Financial began coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective for the company. KeyCorp lifted their target price on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.00.

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.