Russell Investments Group Ltd. decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,718 shares of the industrial products company’s stock after selling 7,741 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tetra Tech were worth $19,368,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TTEK. Wealthcare Advisory Partners LLC bought a new position in Tetra Tech in the third quarter worth $33,000. Winthrop Partners WNY LLC bought a new position in Tetra Tech in the third quarter worth $33,000. Meeder Asset Management Inc. raised its holdings in Tetra Tech by 82.7% in the second quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 283 shares in the last quarter. Huntington National Bank raised its holdings in Tetra Tech by 57.7% in the second quarter. Huntington National Bank now owns 749 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 274 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Tetra Tech in the second quarter worth $83,000. Institutional investors and hedge funds own 86.08% of the company’s stock.
In other news, CEO Dan L. Batrack sold 43,560 shares of Tetra Tech stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $82.20, for a total transaction of $3,580,632.00. Following the transaction, the chief executive officer now directly owns 308,250 shares of the company’s stock, valued at approximately $25,338,150. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Craig L. Christensen sold 5,000 shares of Tetra Tech stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.43, for a total value of $402,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,009 shares of company stock worth $10,375,455. Insiders own 3.00% of the company’s stock.
TTEK has been the subject of a number of research reports. ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Friday. Roth Capital raised their price target on Tetra Tech from $75.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Maxim Group set a $92.00 price target on Tetra Tech and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $83.00.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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