S&T Bank PA Has $5.37 Million Stock Position in Tetra Tech, Inc. $TTEK

S&T Bank PA lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 149,379 shares of the industrial products company’s stock after selling 4,370 shares during the period. Tetra Tech makes up about 1.6% of S&T Bank PA’s holdings, making the stock its 24th biggest holding. S&T Bank PA’s holdings in Tetra Tech were worth $5,372,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Savant Capital LLC raised its position in Tetra Tech by 104.8% during the 2nd quarter. Savant Capital LLC now owns 14,889 shares of the industrial products company’s stock worth $535,000 after purchasing an additional 7,620 shares during the last quarter. Andra AP fonden increased its stake in shares of Tetra Tech by 899.8% in the second quarter. Andra AP fonden now owns 72,408 shares of the industrial products company’s stock valued at $2,604,000 after buying an additional 65,166 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in shares of Tetra Tech by 16.3% in the second quarter. Resona Asset Management Co. Ltd. now owns 10,460 shares of the industrial products company’s stock worth $374,000 after acquiring an additional 1,464 shares during the period. First Horizon Advisors Inc. raised its holdings in Tetra Tech by 55.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,207 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of Tetra Tech by 6.9% in the 2nd quarter. Huntington National Bank now owns 12,182 shares of the industrial products company’s stock worth $438,000 after purchasing an additional 786 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK opened at $31.93 on Friday. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $48.73. The company has a market cap of $8.39 billion, a PE ratio of 39.91 and a beta of 0.96. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $35.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Insider Activity at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an “outperform” rating in a report on Monday, September 29th. National Bank Financial started 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.00.

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.