20,000 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Purchased by Black Swift Group LLC

Black Swift Group LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,000 shares of the industrial products company’s stock, valued at approximately $943,000.

A number of other institutional investors also recently modified their holdings of TTEK. Zions Bancorporation N.A. boosted its position in shares of Tetra Tech by 491.3% during the 3rd quarter. Zions Bancorporation N.A. now owns 76,404 shares of the industrial products company’s stock valued at $3,603,000 after acquiring an additional 63,483 shares during the last quarter. Huntington National Bank raised its position in Tetra Tech by 431.3% during the third quarter. Huntington National Bank now owns 4,420 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 3,588 shares in the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of Tetra Tech by 400.9% in the 3rd quarter. D Orazio & Associates Inc. now owns 81,841 shares of the industrial products company’s stock worth $3,860,000 after purchasing an additional 65,502 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Tetra Tech by 408.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 39,391 shares of the industrial products company’s stock worth $1,858,000 after buying an additional 31,641 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Tetra Tech by 731.7% during the third quarter. Victory Capital Management Inc. now owns 93,388 shares of the industrial products company’s stock valued at $4,404,000 after acquiring an additional 82,159 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $3.26 during midday trading on Thursday, reaching $44.09. The stock had a trading volume of 1,174,470 shares, compared to its average volume of 1,402,913. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21. Tetra Tech, Inc. has a 12-month low of $30.92 and a 12-month high of $51.20. The stock has a 50-day moving average of $47.82 and a 200-day moving average of $44.55. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 41.17 and a beta of 0.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. KeyCorp raised their price target on shares of Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Robert W. Baird increased their price objective on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their price objective on Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and an average target price of $50.68.

Insider Activity

In related news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’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 transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The stock was 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 of the company’s stock, valued at approximately $5,244,713.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock worth $5,633,239 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech 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.