Tetra Tech, Inc. $TTEK Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Trims Position

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 19.5% during the 3rd quarter, Holdings Channel reports. The fund owned 108,370 shares of the industrial products company’s stock after selling 26,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tetra Tech were worth $3,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TTEK. Asset Management One Co. Ltd. increased its position in Tetra Tech by 4.7% during the third quarter. Asset Management One Co. Ltd. now owns 91,186 shares of the industrial products company’s stock worth $3,005,000 after purchasing an additional 4,075 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Tetra Tech by 65.0% during the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock worth $66,000 after buying an additional 784 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Tetra Tech during the 3rd quarter worth approximately $381,000. Evergreen Capital Management LLC raised its position in shares of Tetra Tech by 8.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 14,942 shares of the industrial products company’s stock valued at $492,000 after buying an additional 1,190 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Tetra Tech by 73.3% during the 3rd quarter. Inspire Investing LLC now owns 25,932 shares of the industrial products company’s stock valued at $854,000 after buying an additional 10,966 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TTEK shares. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. National Bank Financial lowered their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. KeyCorp reaffirmed an “overweight” rating and issued a $41.00 target price (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Weiss Ratings raised shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.00.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $39.57 on Tuesday. The firm has a market capitalization of $10.13 billion, a PE ratio of 23.84 and a beta of 0.95. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The stock’s 50-day simple moving average is $35.43 and its 200-day simple moving average is $33.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech Company Profile

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.