Janney Montgomery Scott LLC Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Janney Montgomery Scott LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 250.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,647 shares of the industrial products company’s stock after acquiring an additional 30,468 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.08% of Tetra Tech worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Pure Financial Advisors LLC lifted its position in shares of Tetra Tech by 400.7% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,647 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 13,322 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in Tetra Tech by 416.7% in the third quarter. Clear Creek Financial Management LLC now owns 7,162 shares of the industrial products company’s stock valued at $338,000 after buying an additional 5,776 shares in the last quarter. VELA Investment Management LLC lifted its holdings in Tetra Tech by 703.9% during the 3rd quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company’s stock worth $2,759,000 after buying an additional 51,232 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Tetra Tech by 461.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 2,916 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Tetra Tech by 332.6% in the 3rd quarter. New York State Common Retirement Fund now owns 615,095 shares of the industrial products company’s stock valued at $29,008,000 after acquiring an additional 472,903 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 112,620 shares in the company, valued at approximately $5,244,713.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the transaction, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of the company’s 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 transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $48.26 on Wednesday. The firm’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $44.48. Tetra Tech, Inc. has a 12 month low of $30.52 and a 12 month high of $51.20. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of 44.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analysts Forecast Growth

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

Tetra Tech 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.