National Investment Services Inc. WI bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,419 shares of the industrial products company’s stock, valued at approximately $261,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Tetra Tech by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 370,632 shares of the industrial products company’s stock worth $16,957,000 after buying an additional 6,683 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Tetra Tech by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,331 shares of the industrial products company’s stock valued at $244,000 after buying an additional 800 shares during the period. American Century Companies Inc. bought a new stake in Tetra Tech in the 2nd quarter valued at $680,000. Swiss National Bank increased its holdings in Tetra Tech by 1.9% in the 2nd quarter. Swiss National Bank now owns 96,200 shares of the industrial products company’s stock valued at $4,401,000 after buying an additional 1,800 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Tetra Tech by 22.9% in the 2nd quarter. Wells Fargo & Company MN now owns 180,596 shares of the industrial products company’s stock valued at $8,263,000 after buying an additional 33,701 shares during the period. 84.73% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech, Inc. (NASDAQ TTEK) opened at $49.30 on Friday. The firm has a market cap of $2,777.77, a P/E ratio of 24.17, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.94 and a current ratio of 1.94. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $50.90.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. equities research analysts predict that Tetra Tech, Inc. will post 2.32 earnings per share for the current fiscal year.
Several brokerages have recently commented on TTEK. Zacks Investment Research downgraded shares of Tetra Tech from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Boenning Scattergood restated a “buy” rating and set a $54.00 target price on shares of Tetra Tech in a research report on Thursday, November 9th. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Finally, Robert W. Baird upped their price target on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Tetra Tech presently has an average rating of “Hold” and an average price target of $52.29.
In other news, CEO Dan L. Batrack sold 43,317 shares of Tetra Tech stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $48.65, for a total transaction of $2,107,372.05. Following the sale, the chief executive officer now directly owns 318,994 shares of the company’s stock, valued at $15,519,058.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Roger R. Argus sold 1,138 shares of Tetra Tech stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $49.63, for a total value of $56,478.94. Following the completion of the transaction, the senior vice president now directly owns 6,948 shares in the company, valued at $344,829.24. The disclosure for this sale can be found here. Insiders have sold a total of 232,019 shares of company stock worth $11,385,910 in the last quarter. Company insiders own 3.80% of the company’s stock.
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About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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