Midwest Trust Co Takes Position in Tetra Tech, Inc. $TTEK

Midwest Trust Co bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,765 shares of the industrial products company’s stock, valued at approximately $567,000.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new position in shares of Tetra Tech during the first quarter valued at approximately $27,000. Central Pacific Bank Trust Division purchased a new position in Tetra Tech during the second quarter valued at $32,000. Parkside Financial Bank & Trust boosted its holdings in Tetra Tech by 54.5% in the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 348 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Tetra Tech in the first quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an “outperform” rating in a research report on Monday, September 29th. KeyCorp lifted their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. National Bank Financial started coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target for the company. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Three equities research 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 company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $31.99 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $33.94 and a 200-day moving average price of $35.11. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $48.48. The firm has a market capitalization of $8.41 billion, a PE ratio of 39.99 and a beta of 0.96.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

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.