Tetra Tech, Inc. (NASDAQ:TTEK) Stake Boosted by AtonRa Partners

AtonRa Partners increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,454 shares of the industrial products company’s stock after purchasing an additional 65 shares during the period. Tetra Tech accounts for 1.1% of AtonRa Partners’ portfolio, making the stock its 25th largest position. AtonRa Partners’ holdings in Tetra Tech were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Arkadios Wealth Advisors lifted its stake in Tetra Tech by 2.5% in the fourth quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock valued at $511,000 after buying an additional 74 shares during the last quarter. Guinness Asset Management LTD boosted its stake in Tetra Tech by 2.6% during the 3rd quarter. Guinness Asset Management LTD now owns 3,332 shares of the industrial products company’s stock valued at $507,000 after purchasing an additional 83 shares during the period. Hunter Associates Investment Management LLC boosted its stake in Tetra Tech by 2.0% during the 3rd quarter. Hunter Associates Investment Management LLC now owns 4,320 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 86 shares during the period. State of Michigan Retirement System increased its stake in shares of Tetra Tech by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock valued at $2,138,000 after purchasing an additional 100 shares during the period. Finally, Tributary Capital Management LLC raised its holdings in shares of Tetra Tech by 1.9% during the fourth quarter. Tributary Capital Management LLC now owns 6,379 shares of the industrial products company’s stock valued at $1,065,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

NASDAQ:TTEK traded up $0.70 during midday trading on Monday, hitting $193.20. 345,601 shares of the stock were exchanged, compared to its average volume of 261,589. The business has a 50-day moving average price of $184.55 and a two-hundred day moving average price of $170.47. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 44.72 and a beta of 0.96. Tetra Tech, Inc. has a one year low of $132.29 and a one year high of $194.99.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the previous year, the business earned $1.34 EPS. Sell-side analysts predict that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of recent analyst reports. KeyCorp began coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective for the company. Royal Bank of Canada raised their price target on Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.25.

Insider Activity

In related news, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the sale, the senior vice president now directly owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Brian N. Carter sold 5,580 shares of Tetra Tech stock in a transaction on Friday, February 9th. The stock was sold at an average price of $176.52, for a total value of $984,981.60. Following the transaction, the senior vice president now directly owns 8,360 shares in the company, valued at approximately $1,475,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Kenneth Thompson sold 3,500 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $1,946,981.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,123 shares of company stock worth $5,487,673. Corporate insiders own 0.61% of the company’s stock.

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.