Tetra Tech, Inc. $TTEK Stake Increased by Atria Investments Inc

Atria Investments Inc lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 267.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 29,597 shares of the industrial products company’s stock after acquiring an additional 21,538 shares during the quarter. Atria Investments Inc’s holdings in Tetra Tech were worth $1,064,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TTEK. Cambridge Investment Research Advisors Inc. increased its holdings in Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock worth $541,000 after buying an additional 5,275 shares during the last quarter. FORA Capital LLC bought a new stake in Tetra Tech in the first quarter worth approximately $442,000. M&T Bank Corp increased its stake in shares of Tetra Tech by 69.6% during the 1st quarter. M&T Bank Corp now owns 39,212 shares of the industrial products company’s stock worth $1,147,000 after purchasing an additional 16,093 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Tetra Tech by 12.0% during the 1st quarter. Isthmus Partners LLC now owns 106,927 shares of the industrial products company’s stock valued at $3,128,000 after purchasing an additional 11,432 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Tetra Tech by 38.7% in the 2nd quarter. Parallel Advisors LLC now owns 4,408 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 1,231 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

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

Tetra Tech Stock Performance

TTEK opened at $31.93 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $34.20 and its two-hundred day moving average price is $35.02. The firm has a market capitalization of $8.39 billion, a P/E ratio of 39.91 and a beta of 0.96. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $48.73.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. KeyCorp boosted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Finally, National Bank Financial began coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price target on the stock. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.00.

About Tetra Tech

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.