Axa S.A. Sells 15,000 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Axa S.A. lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the industrial products company’s stock after selling 15,000 shares during the period. Axa S.A.’s holdings in Tetra Tech were worth $4,382,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tetra Tech in the fourth quarter worth $121,390,000. Capital International Investors bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $43,895,000. King Luther Capital Management Corp increased its position in shares of Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock valued at $50,927,000 after purchasing an additional 976,810 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Tetra Tech by 130.8% in the 4th quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company’s stock worth $55,100,000 after purchasing an additional 783,736 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Tetra Tech by 924.3% in the fourth quarter. Bessemer Group Inc. now owns 815,939 shares of the industrial products company’s stock worth $32,508,000 after buying an additional 736,279 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTEK has been the topic of several recent research reports. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. KeyCorp decreased their price objective on Tetra Tech from $45.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Maxim Group lowered shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.90.

Tetra Tech Trading Up 1.0 %

TTEK stock opened at $30.88 on Thursday. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 32.44 and a beta of 0.92. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm’s fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $36.66.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm posted $0.28 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

About Tetra Tech

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.