Ballentine Partners LLC Has $312,000 Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

Ballentine Partners LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 475.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,620 shares of the industrial products company’s stock after purchasing an additional 5,470 shares during the period. Ballentine Partners LLC’s holdings in Tetra Tech were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Tetra Tech in the second quarter valued at $28,000. USA Financial Formulas increased its holdings in Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 545 shares during the period. Rise Advisors LLC increased its holdings in Tetra Tech by 402.1% in the third quarter. Rise Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 579 shares during the period. Sound Income Strategies LLC increased its holdings in Tetra Tech by 400.0% in the third quarter. Sound Income Strategies LLC now owns 725 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 580 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 174 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In related news, SVP Preston Hopson III sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $46.61, for a total value of $1,165,350.00. Following the transaction, the senior vice president now owns 43,710 shares of the company’s stock, valued at approximately $2,037,497.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Preston Hopson III sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $46.61, for a total value of $1,165,350.00. Following the transaction, the senior vice president now owns 43,710 shares of the company’s stock, valued at approximately $2,037,497.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 236,370 shares of company stock valued at $10,880,243 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TTEK shares. Robert W. Baird increased their price target on Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada increased their price target on Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a report on Friday, August 2nd. KeyCorp increased their price target on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.48.

Tetra Tech Price Performance

TTEK stock opened at $50.03 on Thursday. The stock has a market capitalization of $2.68 billion, a PE ratio of 10.13 and a beta of 0.94. The company’s 50-day moving average is $47.53 and its 200-day moving average is $43.74. 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, Inc. has a 1 year low of $29.31 and a 1 year high of $50.69.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping 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 net margin of 5.72% and a return on equity of 21.50%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. Equities research analysts expect that Tetra Tech, Inc. will post 1.25 EPS for the current fiscal year.

About Tetra Tech

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.