Mondrian Investment Partners LTD lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,948 shares of the industrial products company’s stock after selling 9,178 shares during the quarter. Mondrian Investment Partners LTD owned approximately 0.10% of Tetra Tech worth $4,507,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Tetra Tech by 161.5% during the 2nd quarter. Wells Fargo & Company MN now owns 518,983 shares of the industrial products company’s stock valued at $40,767,000 after purchasing an additional 320,512 shares during the last quarter. Chicago Equity Partners LLC lifted its holdings in shares of Tetra Tech by 40.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 45,135 shares of the industrial products company’s stock valued at $3,545,000 after purchasing an additional 12,900 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $83,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $864,000. Finally, Eaton Vance Management lifted its holdings in shares of Tetra Tech by 9.4% during the 2nd quarter. Eaton Vance Management now owns 240,165 shares of the industrial products company’s stock valued at $18,865,000 after purchasing an additional 20,700 shares during the last quarter. 86.08% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Dan L. Batrack sold 43,560 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $82.20, for a total transaction of $3,580,632.00. Following the sale, the chief executive officer now directly owns 308,250 shares in the company, valued at approximately $25,338,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Craig L. Christensen sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.43, for a total value of $402,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 128,009 shares of company stock valued at $10,375,455 in the last quarter. Company insiders own 3.00% of the company’s stock.
Shares of NASDAQ TTEK traded down $0.06 during trading on Friday, reaching $86.67. 231,081 shares of the company traded hands, compared to its average volume of 381,120. The firm’s fifty day simple moving average is $86.02 and its 200 day simple moving average is $78.18. The stock has a market cap of $4.82 billion, a P/E ratio of 32.83, a PEG ratio of 1.65 and a beta of 1.08. Tetra Tech, Inc. has a 12-month low of $48.52 and a 12-month high of $90.34. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.
TTEK has been the subject of a number of research analyst reports. Maxim Group set a $92.00 target price on Tetra Tech and gave the stock a “buy” rating in a research note on Friday, August 23rd. ValuEngine lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Roth Capital raised their target price on Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Tetra Tech currently has an average rating of “Buy” and an average price target of $80.40.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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