United Services Automobile Association lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 24.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,488 shares of the industrial products company’s stock after selling 2,778 shares during the period. United Services Automobile Association’s holdings in Tetra Tech were worth $667,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TTEK. Pictet Asset Management Ltd. lifted its holdings in shares of Tetra Tech by 27.6% in the second quarter. Pictet Asset Management Ltd. now owns 251,540 shares of the industrial products company’s stock valued at $19,758,000 after purchasing an additional 54,452 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Tetra Tech by 3,925.4% in the second quarter. Nuveen Asset Management LLC now owns 673,534 shares of the industrial products company’s stock valued at $52,906,000 after purchasing an additional 656,802 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of Tetra Tech by 6.7% in the second quarter. UBS Asset Management Americas Inc. now owns 46,038 shares of the industrial products company’s stock valued at $3,616,000 after purchasing an additional 2,888 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in shares of Tetra Tech in the second quarter valued at approximately $265,000. Finally, Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Tetra Tech by 2,523.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,653 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 1,590 shares in the last quarter. Institutional investors and hedge funds own 86.36% of the company’s stock.
Shares of Tetra Tech stock opened at $85.62 on Friday. The business’s fifty day simple moving average is $82.62 and its 200 day simple moving average is $74.50. The firm has a market capitalization of $4.56 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Tetra Tech, Inc. has a 12 month low of $48.52 and a 12 month high of $87.62. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.
In related news, SVP Richard A. Lemmon sold 3,000 shares of Tetra Tech stock in a transaction on Friday, September 6th. The stock was sold at an average price of $83.00, for a total transaction of $249,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Craig L. Christensen sold 5,000 shares of Tetra Tech stock in a transaction on Tuesday, September 3rd. The stock was 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. Insiders have sold 128,009 shares of company stock worth $10,375,455 over the last quarter. 3.00% of the stock is currently owned by corporate insiders.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. ValuEngine lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Roth Capital lifted their price target on Tetra Tech from $75.00 to $84.00 and gave the stock 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 stock a “buy” rating in a report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.40.
Tetra Tech 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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