SFE Investment Counsel Reduces Stock Holdings in Tetra Tech, Inc. $TTEK

SFE Investment Counsel lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,856 shares of the industrial products company’s stock after selling 2,585 shares during the quarter. SFE Investment Counsel’s holdings in Tetra Tech were worth $2,944,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Future Fund LLC acquired a new stake in Tetra Tech during the 2nd quarter worth $954,000. Midwest Trust Co acquired a new position in Tetra Tech in the second quarter valued at $567,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Tetra Tech during the second quarter worth about $3,615,000. Parkside Financial Bank & Trust increased its position in shares of Tetra Tech by 54.5% during the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Finally, Aviva PLC lifted its holdings in shares of Tetra Tech by 20.4% in the 2nd quarter. Aviva PLC now owns 992,511 shares of the industrial products company’s stock valued at $35,691,000 after purchasing an additional 168,397 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction that occurred 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 sale, the director directly owned 37,725 shares in the company, valued at $1,358,100. The trade was 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 through this link. 0.40% of the stock is currently owned by company insiders.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $32.22 on Friday. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $48.73. The company has a 50-day moving average price of $34.12 and a 200 day moving average price of $35.07. The company has a market cap of $8.47 billion, a P/E ratio of 40.28 and a beta of 0.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

A number of research firms recently issued reports on TTEK. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. National Bank Financial assumed 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 for the company. KeyCorp raised their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Hold” and an average target price of $41.00.

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.