BidaskClub upgraded shares of Tetra Tech (NASDAQ:TTEK) from a hold rating to a buy rating in a research note published on Tuesday morning.
A number of other brokerages have also issued reports on TTEK. Zacks Investment Research lowered Tetra Tech from a strong-buy rating to a hold rating in a report on Tuesday, April 3rd. Canaccord Genuity reaffirmed a buy rating and set a $60.00 price target on shares of Tetra Tech in a research note on Thursday, February 1st. Stifel Nicolaus increased their price target on Tetra Tech from $52.00 to $53.00 and gave the company a hold rating in a research note on Monday, April 2nd. Boenning Scattergood reaffirmed a buy rating and set a $65.00 price target on shares of Tetra Tech in a research note on Thursday, March 15th. Finally, ValuEngine lowered Tetra Tech from a buy rating to a hold rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Tetra Tech currently has an average rating of Buy and an average target price of $57.00.
Shares of TTEK stock opened at $52.20 on Tuesday. Tetra Tech has a 12-month low of $39.95 and a 12-month high of $53.40. The company has a market capitalization of $2,848.39, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25.
In other news, SVP William R. Brownlie sold 12,713 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.36, for a total transaction of $640,226.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard A. Lemmon sold 15,089 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $51.09, for a total value of $770,897.01. Following the sale, the senior vice president now owns 51,785 shares of the company’s stock, valued at approximately $2,645,695.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,331 shares of company stock valued at $8,343,340. 3.40% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in TTEK. Wells Fargo & Company MN lifted its position in shares of Tetra Tech by 76.4% during the 3rd quarter. Wells Fargo & Company MN now owns 318,483 shares of the industrial products company’s stock valued at $14,825,000 after acquiring an additional 137,887 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Tetra Tech by 7.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 397,830 shares of the industrial products company’s stock valued at $18,519,000 after acquiring an additional 27,198 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Tetra Tech during the 3rd quarter valued at $6,270,000. Janney Montgomery Scott LLC acquired a new stake in shares of Tetra Tech during the 3rd quarter valued at $330,000. Finally, California Public Employees Retirement System lifted its position in shares of Tetra Tech by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 203,318 shares of the industrial products company’s stock valued at $9,464,000 after acquiring an additional 9,318 shares during the last quarter. Institutional investors own 87.35% of the company’s stock.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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