Tetra Tech (NASDAQ:TTEK) Price Target Raised to $47.00 at Robert W. Baird

Tetra Tech (NASDAQ:TTEK) had its price target boosted by Robert W. Baird from $46.00 to $47.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on TTEK. KeyCorp increased their price target on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price target on Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $49.28.

Tetra Tech Trading Down 0.5 %

NASDAQ:TTEK traded down $0.22 on Thursday, hitting $40.74. 1,152,134 shares of the stock were exchanged, compared to its average volume of 1,443,399. The stock has a market cap of $10.90 billion, a PE ratio of 33.25 and a beta of 0.94. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $47.82 and a 200-day moving average of $44.55. Tetra Tech has a fifty-two week low of $30.92 and a fifty-two week high of $51.20.

Insiders Place Their Bets

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. The trade was a 24.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tetra Tech

Several large investors have recently added to or reduced their stakes in TTEK. Ingalls & Snyder LLC raised its stake in shares of Tetra Tech by 336.6% in the third quarter. Ingalls & Snyder LLC now owns 4,475 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 3,450 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Tetra Tech by 344.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 19,973 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 15,475 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Tetra Tech during the 3rd quarter valued at approximately $11,696,000. Janus Henderson Group PLC increased its holdings in Tetra Tech by 404.2% in the 3rd quarter. Janus Henderson Group PLC now owns 213,123 shares of the industrial products company’s stock worth $10,048,000 after acquiring an additional 170,856 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Tetra Tech by 436.3% during the 3rd quarter. HighTower Advisors LLC now owns 124,407 shares of the industrial products company’s stock worth $5,883,000 after purchasing an additional 101,208 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

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.