Johnson Financial Group Inc. Makes New $61,000 Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Johnson Financial Group Inc. bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,650 shares of the industrial products company’s stock, valued at approximately $61,000.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Tetra Tech during the fourth quarter worth approximately $39,000. Asset Planning Inc acquired a new position in Tetra Tech in the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp boosted its holdings in Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. boosted its holdings in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in Tetra Tech in the fourth quarter valued at approximately $63,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TTEK shares. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, KeyCorp decreased their price objective on Tetra Tech from $45.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.72.

Insider Transactions at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Tetra Tech Price Performance

TTEK stock opened at $31.20 on Tuesday. The company has a market capitalization of $8.36 billion, a P/E ratio of 32.77 and a beta of 0.89. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The business has a 50 day simple moving average of $29.65 and a 200-day simple moving average of $37.37. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

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.