Allworth Financial LP Has $26,000 Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Allworth Financial LP increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 629.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 547 shares of the industrial products company’s stock after acquiring an additional 472 shares during the quarter. Allworth Financial LP’s holdings in Tetra Tech were worth $26,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. CWM LLC boosted its position in Tetra Tech by 20.2% during the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after buying an additional 51 shares during the period. ELCO Management Co. LLC raised its holdings in Tetra Tech by 4.8% during the 2nd quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock worth $268,000 after purchasing an additional 60 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Tetra Tech by 4.8% during the 2nd quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 70 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Tetra Tech by 3.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,468 shares of the industrial products company’s stock worth $456,000 after purchasing an additional 75 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Tetra Tech by 4.0% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 77 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $48.92 on Friday. The company has a fifty day moving average of $47.64 and a 200-day moving average of $43.89. The firm has a market capitalization of $13.09 billion, a P/E ratio of 45.45 and a beta of 0.94. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a twelve month low of $29.82 and a twelve month high of $50.69.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 5.72% and a return on equity of 21.50%. Tetra Tech’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Tetra Tech news, SVP Preston Hopson III sold 25,000 shares of Tetra Tech stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the transaction, the senior vice president now directly owns 43,710 shares of the company’s stock, valued at $2,037,497.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech 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 transaction, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at $5,244,713.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Preston Hopson III sold 25,000 shares of Tetra Tech stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the transaction, the senior vice president now directly owns 43,710 shares in the company, valued at $2,037,497.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 236,370 shares of company stock valued at $10,880,243 in the last three months. 0.61% of the stock is currently owned by insiders.

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.