Tetra Tech, Inc. (TTEK) Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,272,473 shares of the industrial products company’s stock after acquiring an additional 66,381 shares during the period. Tetra Tech comprises about 2.4% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 2nd biggest position. Rice Hall James & Associates LLC’s holdings in Tetra Tech were worth $61,270,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TTEK. Koch Industries Inc. purchased a new position in shares of Tetra Tech in the second quarter valued at about $506,000. Allianz Asset Management GmbH lifted its position in shares of Tetra Tech by 35.5% in the third quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock valued at $27,113,000 after acquiring an additional 152,695 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Tetra Tech in the second quarter valued at about $6,519,000. Janus Henderson Group PLC lifted its position in shares of Tetra Tech by 270.8% in the second quarter. Janus Henderson Group PLC now owns 193,166 shares of the industrial products company’s stock valued at $8,833,000 after acquiring an additional 141,066 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Tetra Tech by 76.4% in the third 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 in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Tetra Tech, Inc. (TTEK) traded up $0.10 during trading hours on Tuesday, hitting $49.95. The company had a trading volume of 177,600 shares, compared to its average volume of 201,936. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $2,780.00, a P/E ratio of 24.49, a P/E/G ratio of 1.59 and a beta of 1.07. Tetra Tech, Inc. has a 12 month low of $38.85 and a 12 month high of $50.90.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. equities research analysts predict that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.

In other Tetra Tech news, insider Ronald J. Chu sold 696 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total transaction of $34,800.00. Following the sale, the insider now directly owns 37,800 shares of the company’s stock, valued at $1,890,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dan L. Batrack sold 43,317 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $48.65, for a total value of $2,107,372.05. Following the sale, the chief executive officer now directly owns 318,994 shares in the company, valued at $15,519,058.10. The disclosure for this sale can be found here. Insiders have sold 217,907 shares of company stock worth $10,680,310 over the last three months. 4.00% of the stock is currently owned by insiders.

Several brokerages have recently commented on TTEK. BidaskClub downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Robert W. Baird boosted their target price on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $54.00 target price on shares of Tetra Tech in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $52.29.

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Tetra Tech Profile

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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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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