Klingman & Associates LLC Makes New Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Klingman & Associates LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 33,850 shares of the industrial products company’s stock, valued at approximately $1,596,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in Tetra Tech during the second quarter worth about $28,000. EverSource Wealth Advisors LLC grew its position in Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 174 shares in the last quarter. Family Firm Inc. bought a new position in Tetra Tech in the second quarter valued at $51,000. Quarry LP purchased a new stake in Tetra Tech during the second quarter valued at about $54,000. Finally, 1832 Asset Management L.P. lifted its stake in Tetra Tech by 125.8% during the first quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 151 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Insider Activity at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction 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 in the company, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 112,620 shares in the company, valued at $5,244,713.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 over the last quarter. Company insiders own 0.61% of the company’s stock.

Tetra Tech Price Performance

TTEK opened at $46.81 on Friday. The company’s 50-day simple moving average is $47.78 and its two-hundred day simple moving average is $44.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $12.53 billion, a P/E ratio of 43.26 and a beta of 0.94. Tetra Tech, Inc. has a 52-week low of $30.30 and a 52-week high of $51.20.

Wall Street Analysts Forecast Growth

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

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.