Russell Investments Group Ltd. trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,718 shares of the industrial products company’s stock after selling 7,741 shares during the quarter. Russell Investments Group Ltd. owned 0.41% of Tetra Tech worth $19,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC purchased a new position in Tetra Tech during the 3rd quarter worth $33,000. Winthrop Partners WNY LLC purchased a new position in Tetra Tech during the 3rd quarter worth $33,000. Meeder Asset Management Inc. boosted its holdings in Tetra Tech by 82.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 283 shares during the last quarter. Huntington National Bank boosted its holdings in Tetra Tech by 57.7% during the 2nd quarter. Huntington National Bank now owns 749 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 274 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in Tetra Tech during the 2nd quarter worth $83,000. 86.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on TTEK shares. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Friday. Roth Capital boosted their price target on shares of Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Maxim Group set a $92.00 price target on shares of Tetra Tech and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $83.00.
Shares of NASDAQ:TTEK traded down $0.06 during midday trading on Friday, reaching $86.67. The company had a trading volume of 231,000 shares, compared to its average volume of 381,120. The stock has a market cap of $4.82 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.65 and a beta of 1.08. The company’s 50 day moving average price is $86.05 and its 200 day moving average price is $78.29. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. Tetra Tech, Inc. has a 52-week low of $48.52 and a 52-week high of $90.34.
In other Tetra Tech news, EVP Leslie L. Shoemaker sold 16,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $77.43, for a total value of $1,296,952.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J Kenneth Thompson sold 4,200 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $80.08, for a total value of $336,336.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,009 shares of company stock valued at $10,375,455. 3.00% of the stock is owned by insiders.
About Tetra Tech
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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