8,472 Shares in Tetra Tech, Inc. (NASDAQ:TTEK) Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the third quarter, Holdings Channel reports. The fund acquired 8,472 shares of the industrial products company’s stock, valued at approximately $400,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sarasin & Partners LLP lifted its holdings in shares of Tetra Tech by 330.9% during the 3rd quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock worth $233,460,000 after acquiring an additional 3,801,435 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Tetra Tech by 387.3% during the 3rd 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 during the period. abrdn plc lifted its holdings in shares of Tetra Tech by 353.0% during the 3rd quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock worth $98,477,000 after acquiring an additional 1,644,267 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Tetra Tech by 289.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company’s stock worth $86,032,000 after acquiring an additional 1,355,351 shares during the period. Finally, Vontobel Holding Ltd. increased its position in Tetra Tech by 409.4% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,425,589 shares of the industrial products company’s stock worth $67,231,000 after purchasing an additional 1,145,738 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Tetra Tech Trading Up 0.1 %

Shares of NASDAQ TTEK opened at $48.92 on Friday. 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, Inc. has a 52-week low of $29.82 and a 52-week high of $50.69. The firm has a 50 day moving average price of $47.64 and a two-hundred day moving average price of $43.89. The stock has a market cap of $13.09 billion, a P/E ratio of 45.21 and a beta of 0.94.

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

Insider Transactions at Tetra Tech

In other news, CEO Dan L. Batrack sold 89,620 shares of the 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 in the company, valued at $5,664,762.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the sale, the director now owns 143,200 shares in the company, valued at $6,655,936. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dan L. Batrack sold 89,620 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 236,370 shares of company stock worth $10,880,243 over the last three months. 0.61% of the stock is owned by company insiders.

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.