Robeco Institutional Asset Management B.V. Raises Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 313.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 120,385 shares of the industrial products company’s stock after acquiring an additional 91,285 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tetra Tech were worth $5,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. boosted its stake in Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after buying an additional 31,445 shares during the period. Arkadios Wealth Advisors raised its position in Tetra Tech by 615.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares during the period. SFE Investment Counsel lifted its stake in Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 28,679 shares during the last quarter. Nwam LLC purchased a new position in shares of Tetra Tech during the first quarter valued at approximately $1,123,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Tetra Tech by 88.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock valued at $2,288,000 after buying an additional 5,819 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Down 1.4 %

NASDAQ:TTEK opened at $46.81 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. Tetra Tech, Inc. has a 1-year low of $30.30 and a 1-year high of $51.20. The company has a 50-day moving average of $47.78 and a 200 day moving average of $44.33. The firm has a market cap of $12.53 billion, a PE ratio of 43.26 and a beta of 0.94.

Insider Activity

In related news, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at $5,244,713.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the sale, the chief financial officer now owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares of the company’s stock, valued at approximately $6,655,936. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.