Capital Advisors Ltd. LLC Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Capital Advisors Ltd. LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,725 shares of the industrial products company’s stock after purchasing an additional 1,380 shares during the period. Capital Advisors Ltd. LLC’s holdings in Tetra Tech were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTEK. CWM LLC raised its position in Tetra Tech by 20.2% in the second quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. ELCO Management Co. LLC raised its holdings in shares of 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 valued at $268,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc raised its holdings in shares of 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 valued at $312,000 after buying an additional 70 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position 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 acquiring an additional 75 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Tetra Tech by 4.0% in 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 acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, CEO Dan L. Batrack sold 89,620 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the completion of the transaction, the chief executive officer now directly owns 124,380 shares of the company’s stock, valued at $5,664,762.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tetra Tech news, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the sale, the chief executive officer now owns 124,380 shares of the company’s stock, valued at $5,664,762.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 236,370 shares of company stock valued at $10,880,243 in the last quarter. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTEK. Robert W. Baird boosted their target price on shares of Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective 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. KeyCorp upped their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $50.48.

Tetra Tech Stock Up 4.2 %

TTEK stock opened at $50.52 on Wednesday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 10.23 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $29.09 and a 1-year high of $50.69. The firm has a fifty day moving average price of $47.45 and a two-hundred day moving average price of $43.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. Research analysts predict that Tetra Tech, Inc. will post 1.25 EPS for the current year.

Tetra Tech Company 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.