Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 367.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 284,945 shares of the industrial products company’s stock after buying an additional 223,936 shares during the period. New York State Teachers Retirement System owned 0.53% of Tetra Tech worth $13,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Allworth Financial LP boosted its stake in Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after buying an additional 472 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Tetra Tech during the second quarter worth $28,000. USA Financial Formulas boosted its stake in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after buying an additional 545 shares during the last quarter. Rise Advisors LLC boosted its stake in Tetra Tech by 402.1% during the third quarter. Rise Advisors LLC now owns 723 shares of the industrial products company’s stock worth $34,000 after buying an additional 579 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Tetra Tech by 400.0% during the third quarter. Sound Income Strategies LLC now owns 725 shares of the industrial products company’s stock worth $34,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

TTEK stock opened at $48.92 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $13.09 billion, a PE ratio of 45.21 and a beta of 0.94. Tetra Tech, Inc. has a 12-month low of $29.82 and a 12-month high of $50.69. The business’s fifty day moving average price is $47.68 and its 200 day moving average price is $43.97.

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

Insider Activity at Tetra Tech

In related news, CEO Dan L. Batrack sold 89,620 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $45.54, for a total value of $4,081,653.28. Following the sale, the chief executive officer now owns 124,380 shares in the company, valued at approximately $5,664,762.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tetra Tech news, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction dated 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 in the company, valued at $5,664,762.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 236,370 shares of company stock worth $10,880,243. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.