Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Increased by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,406 shares of the industrial products company’s stock after buying an additional 205 shares during the period. Retirement Systems of Alabama’s holdings in Tetra Tech were worth $12,921,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sarasin & Partners LLP raised its position in shares of Tetra Tech by 18.3% during the 4th quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company’s stock valued at $203,976,000 after acquiring an additional 189,049 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Tetra Tech by 6.2% during the third quarter. Invesco Ltd. now owns 879,638 shares of the industrial products company’s stock worth $133,731,000 after purchasing an additional 51,139 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Tetra Tech by 2.8% in the 4th quarter. Vontobel Holding Ltd. now owns 533,587 shares of the industrial products company’s stock worth $89,072,000 after buying an additional 14,334 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Tetra Tech in the 4th quarter valued at about $82,209,000. Finally, abrdn plc boosted its holdings in shares of Tetra Tech by 1.3% in the 4th quarter. abrdn plc now owns 475,320 shares of the industrial products company’s stock valued at $79,345,000 after buying an additional 5,962 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the topic of a number of recent research reports. KeyCorp began coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 target price on the stock. Maxim Group boosted their price objective on Tetra Tech from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price target on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

Tetra Tech Trading Down 1.1 %

Shares of TTEK stock opened at $192.49 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a 1 year low of $132.29 and a 1 year high of $196.48. The stock has a fifty day moving average of $185.52 and a two-hundred day moving average of $171.09. The firm has a market capitalization of $10.30 billion, a PE ratio of 44.56 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, research analysts expect that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Insider Transactions at Tetra Tech

In other news, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares in the company, valued at $5,250,776.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,123 shares of company stock valued at $5,487,673. Corporate insiders own 0.61% of the company’s stock.

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.