Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 332.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 615,095 shares of the industrial products company’s stock after purchasing an additional 472,903 shares during the quarter. New York State Common Retirement Fund’s holdings in Tetra Tech were worth $29,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arkadios Wealth Advisors increased its holdings in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after buying an additional 19,193 shares in the last quarter. SFE Investment Counsel increased its holdings in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after acquiring an additional 28,679 shares in the last quarter. Nwam LLC acquired a new position in shares of Tetra Tech during the 1st quarter worth approximately $1,123,000. Envestnet Portfolio Solutions Inc. increased its position in Tetra Tech by 88.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock worth $2,288,000 after buying an additional 5,819 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Tetra Tech by 8.3% in the first quarter. Bahl & Gaynor Inc. now owns 41,546 shares of the industrial products company’s stock worth $7,674,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTEK. Robert W. Baird lifted their price objective on Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, KeyCorp increased their price target on Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $50.48.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the completion of the sale, the chief executive officer now directly owns 124,380 shares in the company, valued at $5,664,762.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the completion of the sale, the chief executive officer now directly owns 124,380 shares of the company’s stock, valued at approximately $5,664,762.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 236,370 shares of company stock worth $10,880,243 in the last quarter. 0.61% of the stock is owned by insiders.

Tetra Tech Price Performance

TTEK opened at $48.92 on Monday. Tetra Tech, Inc. has a 1 year low of $29.82 and a 1 year high of $50.69. The company’s 50 day simple moving average is $47.68 and its 200 day simple moving average is $43.97. The stock has a market capitalization of $13.09 billion, a PE ratio of 45.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21.

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.