Midwest Trust Co Takes Position in Tetra Tech, Inc. $TTEK

Midwest Trust Co acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,765 shares of the industrial products company’s stock, valued at approximately $567,000.

A number of other institutional investors have also added to or reduced their stakes in TTEK. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Tetra Tech during the second quarter worth about $3,615,000. Parkside Financial Bank & Trust raised its holdings in shares of Tetra Tech by 54.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares in the last quarter. Aviva PLC grew its position in Tetra Tech by 20.4% during the second quarter. Aviva PLC now owns 992,511 shares of the industrial products company’s stock valued at $35,691,000 after acquiring an additional 168,397 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Tetra Tech during the second quarter worth approximately $10,290,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Tetra Tech in the 2nd quarter worth approximately $1,044,000. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on TTEK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. KeyCorp lifted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, National Bank Financial assumed coverage on Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $31.99 on Wednesday. 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 firm’s fifty day simple moving average is $33.94 and its 200 day simple moving average is $35.11. The stock has a market cap of $8.41 billion, a P/E ratio of 39.99 and a beta of 0.96. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $48.48.

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.