Tetra Tech, Inc. $TTEK Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 38.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,328 shares of the industrial products company’s stock after acquiring an additional 7,632 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tetra Tech were worth $983,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after purchasing an additional 1,273,692 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Tetra Tech by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after purchasing an additional 484,053 shares in the last quarter. Sarasin & Partners LLP lifted its stake in Tetra Tech by 1.2% during the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after purchasing an additional 55,012 shares in the last quarter. Robeco Schweiz AG lifted its stake in Tetra Tech by 30.3% during the first quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock worth $93,369,000 after purchasing an additional 742,241 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in Tetra Tech by 26.4% during the first quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company’s stock worth $87,465,000 after purchasing an additional 625,052 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. National Bank Financial began coverage on Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective on the stock. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $32.58 on Wednesday. The firm has a market capitalization of $8.56 billion, a PE ratio of 40.73 and a beta of 0.94. The business’s fifty day moving average price is $34.82 and its 200 day moving average price is $34.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

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.