Tetra Tech, Inc. $TTEK Stock: State of Wyoming Lowers Holdings

State of Wyoming decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 81.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,093 shares of the industrial products company’s stock after selling 18,085 shares during the quarter. State of Wyoming’s holdings in Tetra Tech were worth $135,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in Tetra Tech by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after buying an additional 285 shares during the last quarter. Parallel Advisors LLC raised its holdings in Tetra Tech by 8.1% in the 1st quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 359 shares during the period. Assetmark Inc. lifted its position in Tetra Tech by 18.5% during the 1st quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 733 shares during the last quarter. GAMMA Investing LLC lifted its position in Tetra Tech by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,243 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 742 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Tetra Tech by 65.0% during the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 784 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TTEK shares. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings raised Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. KeyCorp reissued an “overweight” rating and set a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Finally, National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $41.09 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company has a fifty day moving average price of $35.81 and a 200 day moving average price of $33.23. The stock has a market cap of $10.52 billion, a P/E ratio of 26.24 and a beta of 0.86.

Tetra Tech Profile

Tetra Tech, Inc is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management.

The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.

Tetra Tech serves clients in the United States and internationally.