Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 505.5% in the third quarter, Holdings Channel.com reports. The fund owned 20,840 shares of the industrial products company’s stock after purchasing an additional 17,398 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tetra Tech were worth $982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its holdings in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after purchasing an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors lifted its stake 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 acquiring an additional 19,193 shares in the last quarter. SFE Investment Counsel boosted its holdings in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after acquiring an additional 28,679 shares during the period. Nwam LLC acquired a new position in Tetra Tech in the 1st quarter valued at about $1,123,000. Finally, VELA Investment Management LLC increased its stake in Tetra Tech by 703.9% during the third quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock worth $2,759,000 after purchasing an additional 51,232 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on TTEK shares. Robert W. Baird raised their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, KeyCorp upped their price target on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.68.

Insiders Place Their Bets

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the transaction, the chief financial officer now owns 112,620 shares in the company, valued at $5,244,713.40. This represents a 24.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock valued at $5,633,239 in the last ninety days. Insiders own 0.61% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $40.96 on Friday. The company has a market cap of $10.96 billion, a P/E ratio of 37.86 and a beta of 0.94. The firm has a fifty day moving average price of $47.82 and a 200 day moving average price of $44.55. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12 month low of $30.92 and a 12 month high of $51.20.

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.