SFE Investment Counsel Raises Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

SFE Investment Counsel lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 374.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,330 shares of the industrial products company’s stock after purchasing an additional 28,679 shares during the quarter. SFE Investment Counsel’s holdings in Tetra Tech were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTEK. Arkadios Wealth Advisors boosted its holdings in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares during the last quarter. Nwam LLC bought a new position in shares of Tetra Tech during the 1st quarter valued at $1,123,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Tetra Tech by 88.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock worth $2,288,000 after buying an additional 5,819 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Tetra Tech by 26.5% in the 1st quarter. Van ECK Associates Corp now owns 39,564 shares of the industrial products company’s stock worth $7,307,000 after buying an additional 8,289 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Tetra Tech by 8.3% in the first quarter. Bahl & Gaynor Inc. now owns 41,546 shares of the industrial products company’s stock worth $7,674,000 after acquiring an additional 3,200 shares during the period. 93.89% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction that occurred 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 approximately $5,664,762.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Preston Hopson III sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $46.61, for a total transaction of $1,165,350.00. Following the sale, the senior vice president now directly owns 43,710 shares of the company’s stock, valued at $2,037,497.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dan L. Batrack sold 89,620 shares of the firm’s stock in a transaction on 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 approximately $5,664,762.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 236,370 shares of company stock worth $10,880,243 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Tetra Tech Price Performance

NASDAQ TTEK opened at $50.03 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12 month low of $29.31 and a 12 month high of $50.69. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 10.13 and a beta of 0.94. The company’s 50 day moving average is $47.53 and its two-hundred day moving average is $43.74.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised 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 target price on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Robert W. Baird boosted their price objective on shares of Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.48.

Tetra Tech 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.