First National Bank of Omaha boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 33,759 shares of the industrial products company’s stock after acquiring an additional 222 shares during the quarter. First National Bank of Omaha’s holdings in Tetra Tech were worth $2,929,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Macquarie Group Ltd. increased its holdings in Tetra Tech by 10.4% during the second quarter. Macquarie Group Ltd. now owns 1,142,075 shares of the industrial products company’s stock valued at $89,710,000 after buying an additional 107,339 shares during the period. Northern Trust Corp grew its holdings in Tetra Tech by 0.7% in the second quarter. Northern Trust Corp now owns 1,003,402 shares of the industrial products company’s stock worth $78,816,000 after purchasing an additional 6,739 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Tetra Tech by 28.8% in the second quarter. Allianz Asset Management GmbH now owns 816,078 shares of the industrial products company’s stock worth $64,103,000 after purchasing an additional 182,242 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Tetra Tech by 3,925.4% in the second quarter. Nuveen Asset Management LLC now owns 673,534 shares of the industrial products company’s stock worth $52,906,000 after purchasing an additional 656,802 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Tetra Tech by 161.5% in the second quarter. Wells Fargo & Company MN now owns 518,983 shares of the industrial products company’s stock worth $40,767,000 after purchasing an additional 320,512 shares during the last quarter. 86.08% of the stock is currently owned by institutional investors.
TTEK has been the topic of several analyst reports. Roth Capital lifted their price target on shares of Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Friday. Maxim Group set a $92.00 price target on shares of Tetra Tech and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $80.40.
NASDAQ TTEK traded up $0.17 on Friday, hitting $86.90. The stock had a trading volume of 9,144 shares, compared to its average volume of 196,551. The business’s fifty day moving average price is $86.02 and its 200 day moving average price is $78.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.73 and a quick ratio of 1.73. Tetra Tech, Inc. has a 52-week low of $48.52 and a 52-week high of $90.34. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.
In other Tetra Tech news, SVP Richard A. Lemmon sold 11,510 shares of Tetra Tech stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $82.74, for a total value of $952,337.40. Following the transaction, the senior vice president now directly owns 45,667 shares of the company’s stock, valued at $3,778,487.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kirsten M. Volpi sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $312,000.00. Following the sale, the director now directly owns 15,378 shares in the company, valued at $1,199,484. The disclosure for this sale can be found here. Insiders sold 128,009 shares of company stock worth $10,375,455 over the last ninety days. Corporate insiders own 3.00% of the company’s stock.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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