Clear Creek Financial Management LLC Acquires 5,776 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Clear Creek Financial Management LLC grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 416.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,162 shares of the industrial products company’s stock after acquiring an additional 5,776 shares during the period. Clear Creek Financial Management LLC’s holdings in Tetra Tech were worth $338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Tetra Tech by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company’s stock worth $954,684,000 after purchasing an additional 14,701 shares during the last quarter. Sarasin & Partners LLP increased its holdings in Tetra Tech by 330.9% during the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock worth $233,460,000 after buying an additional 3,801,435 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock worth $155,601,000 after acquiring an additional 2,622,288 shares in the last quarter. abrdn plc lifted its stake in Tetra Tech by 353.0% in the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock valued at $98,477,000 after acquiring an additional 1,644,267 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in shares of Tetra Tech by 289.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company’s stock valued at $86,032,000 after acquiring an additional 1,355,351 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, SVP Preston Hopson III sold 25,000 shares of the company’s 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 transaction, the senior vice president now directly owns 43,710 shares in the company, valued at approximately $2,037,497.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tetra Tech news, SVP Preston Hopson III sold 25,000 shares of the business’s 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 sale, the senior vice president now owns 43,710 shares of the company’s stock, valued at $2,037,497.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,750 shares of company stock worth $6,798,589 in the last 90 days. Company insiders own 0.61% of the company’s stock.

Tetra Tech Price Performance

Tetra Tech stock opened at $49.23 on Tuesday. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 45.50 and a beta of 0.94. The stock’s 50 day moving average is $47.72 and its 200-day moving average is $44.04. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12 month low of $30.08 and a 12 month high of $50.69.

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.