Impax Asset Management Group plc boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 400.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,690 shares of the industrial products company’s stock after buying an additional 12,552 shares during the period. Impax Asset Management Group plc’s holdings in Tetra Tech were worth $740,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. increased its stake in shares of Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares during the period. Arkadios Wealth Advisors increased its position in Tetra Tech by 615.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after buying an additional 19,193 shares during the period. SFE Investment Counsel lifted its holdings in shares of Tetra Tech by 374.8% during the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after buying an additional 28,679 shares in the last quarter. US Bancorp DE boosted its position in shares of Tetra Tech by 401.8% in the third quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock valued at $806,000 after acquiring an additional 13,687 shares during the period. Finally, VELA Investment Management LLC grew its stake in shares of Tetra Tech by 703.9% in the third quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock valued at $2,759,000 after acquiring an additional 51,232 shares in the last quarter. 93.89% of the stock is owned by institutional investors.
Tetra Tech Stock Up 0.8 %
NASDAQ TTEK opened at $41.27 on Friday. Tetra Tech, Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $51.20. The business has a fifty day moving average price of $47.60 and a two-hundred day moving average price of $44.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market capitalization of $11.05 billion, a PE ratio of 33.50 and a beta of 0.94.
Tetra Tech Dividend Announcement
Insiders Place Their Bets
In related news, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now owns 143,200 shares of the company’s stock, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. The trade was a 20.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have issued reports on TTEK shares. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday. Finally, Robert W. Baird increased their target price on Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.32.
View Our Latest Report on Tetra Tech
About Tetra Tech
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.
Read More
- Five stocks we like better than Tetra Tech
- Why Invest in 5G? How to Invest in 5G Stocks
- ORIC: Working with Two Pharma Giants, Analysts See +100% Upside
- How to Most Effectively Use the MarketBeat Earnings Screener
- Freeport-McMoRan, Copper Demand Short-Term Pain, Long-Term Gain
- Retail Stocks Investing, Explained
- Time to Load Up on Home Builders?
Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).
Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.