CENTRAL TRUST Co Acquires 2,000 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

CENTRAL TRUST Co grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,500 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the period. CENTRAL TRUST Co’s holdings in Tetra Tech were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TTEK. Banque Cantonale Vaudoise bought a new stake in shares of Tetra Tech during the second quarter valued at about $28,000. USA Financial Formulas lifted its stake in Tetra Tech by 332.3% in the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 545 shares in the last quarter. Rise Advisors LLC boosted its holdings in Tetra Tech by 402.1% in the 3rd quarter. Rise Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 579 shares during the period. Sound Income Strategies LLC grew its position in shares of Tetra Tech by 400.0% during the 3rd quarter. Sound Income Strategies LLC now owns 725 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 580 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 174 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $50.52 on Wednesday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 10.23 and a beta of 0.94. The company has a 50-day simple moving average of $47.45 and a two-hundred day simple moving average of $43.66. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12-month low of $29.09 and a 12-month high of $50.69.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.26 EPS. Tetra Tech’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTEK shares. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Robert W. Baird raised their price target on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, KeyCorp increased their price objective on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.48.

Insider Activity

In related news, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total transaction of $4,081,653.28. Following the completion of the sale, the chief executive officer now directly owns 124,380 shares in the company, valued at $5,664,762.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dan L. Batrack sold 89,620 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $45.54, for a total value of $4,081,653.28. Following the transaction, the chief executive officer now directly owns 124,380 shares of the company’s stock, valued at $5,664,762.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 236,370 shares of company stock valued at $10,880,243. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Company Profile

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.