First Business Financial Services Inc. Has $365,000 Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

First Business Financial Services Inc. increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,212 shares of the industrial products company’s stock after acquiring an additional 147 shares during the period. First Business Financial Services Inc.’s holdings in Tetra Tech were worth $365,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TTEK. Nuveen Asset Management LLC raised its holdings in shares of Tetra Tech by 3,925.4% during the second quarter. Nuveen Asset Management LLC now owns 673,534 shares of the industrial products company’s stock worth $52,906,000 after acquiring an additional 656,802 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Tetra Tech by 161.5% during the second quarter. Wells Fargo & Company MN now owns 518,983 shares of the industrial products company’s stock worth $40,767,000 after acquiring an additional 320,512 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Tetra Tech by 28.8% during the second quarter. Allianz Asset Management GmbH now owns 816,078 shares of the industrial products company’s stock worth $64,103,000 after acquiring an additional 182,242 shares during the period. Sandler Capital Management acquired a new stake in shares of Tetra Tech during the second quarter worth $13,233,000. Finally, Columbus Circle Investors raised its holdings in shares of Tetra Tech by 478.2% during the second quarter. Columbus Circle Investors now owns 184,299 shares of the industrial products company’s stock worth $14,477,000 after acquiring an additional 152,423 shares during the period. Institutional investors and hedge funds own 86.08% of the company’s stock.

Tetra Tech stock traded down $0.06 during mid-day trading on Friday, reaching $86.67. The company’s stock had a trading volume of 231,000 shares, compared to its average volume of 381,120. The business’s 50 day simple moving average is $86.05 and its 200 day simple moving average is $78.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 1.73. Tetra Tech, Inc. has a 12 month low of $48.52 and a 12 month high of $90.34. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

In related news, CEO Dan L. Batrack sold 43,560 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $82.20, for a total transaction of $3,580,632.00. Following the transaction, the chief executive officer now owns 308,250 shares in the company, valued at approximately $25,338,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Richard A. Lemmon sold 11,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $82.74, for a total transaction of $952,337.40. Following the transaction, the senior vice president now owns 45,667 shares in the company, valued at approximately $3,778,487.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,009 shares of company stock worth $10,375,455. Insiders own 3.00% of the company’s stock.

A number of equities research analysts recently commented on TTEK shares. BidaskClub lowered shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Friday. Roth Capital raised their target price on shares of Tetra Tech from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Maxim Group set a $92.00 target price on shares of Tetra Tech and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Tetra Tech has an average rating of “Buy” and a consensus target price of $83.00.

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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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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