Great Diamond Partners LLC Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Great Diamond Partners LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 258.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,480 shares of the industrial products company’s stock after purchasing an additional 3,230 shares during the quarter. Great Diamond Partners LLC’s holdings in Tetra Tech were worth $211,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in Tetra Tech by 14.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,623 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 728 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Tetra Tech by 2.3% in the first quarter. State of Michigan Retirement System now owns 13,108 shares of the industrial products company’s stock valued at $2,421,000 after buying an additional 300 shares in the last quarter. Denali Advisors LLC raised its holdings in shares of Tetra Tech by 97.1% during the 1st quarter. Denali Advisors LLC now owns 406 shares of the industrial products company’s stock valued at $75,000 after buying an additional 200 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Tetra Tech by 9.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,836 shares of the industrial products company’s stock worth $1,078,000 after acquiring an additional 522 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Tetra Tech by 26.5% in the 1st quarter. Van ECK Associates Corp now owns 39,564 shares of the industrial products company’s stock worth $7,307,000 after acquiring an additional 8,289 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Preston Hopson III sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $46.61, for a total value of $1,165,350.00. Following the completion of the sale, the senior vice president now directly owns 43,710 shares in the company, valued at approximately $2,037,497.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Preston Hopson III sold 25,000 shares of Tetra Tech stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $46.61, for a total value of $1,165,350.00. Following the completion of the transaction, the senior vice president now directly owns 43,710 shares of the company’s stock, valued at approximately $2,037,497.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 236,370 shares of company stock valued at $10,880,243 in the last quarter. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TTEK shares. Royal Bank of Canada upped their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. KeyCorp lifted their target price on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Robert W. Baird increased their price target on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.48.

Tetra Tech Price Performance

Shares of TTEK stock opened at $50.03 on Thursday. The firm has a fifty day moving average of $47.53 and a two-hundred day moving average of $43.74. The firm has a market cap of $2.68 billion, a P/E ratio of 10.13 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $29.31 and a 1-year high of $50.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. As a group, research analysts anticipate that Tetra Tech, Inc. will post 1.25 earnings per share for the current fiscal year.

Tetra Tech 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.