Tetra Tech, Inc. (NASDAQ:TTEK) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 250.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,647 shares of the industrial products company’s stock after acquiring an additional 30,468 shares during the period. Janney Montgomery Scott LLC’s holdings in Tetra Tech were worth $2,011,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TTEK. CWM LLC grew its stake in shares of Tetra Tech by 20.2% during the 2nd quarter. CWM LLC now owns 304 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 51 shares during the period. ELCO Management Co. LLC grew its position in Tetra Tech by 4.8% during the second quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company’s stock worth $268,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc increased its holdings in Tetra Tech by 4.8% in the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company’s stock valued at $312,000 after buying an additional 70 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Tetra Tech by 4.0% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock valued at $413,000 after acquiring an additional 77 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Tetra Tech by 0.8% during the 2nd quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company’s stock worth $2,296,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.3 %

Shares of NASDAQ:TTEK opened at $48.26 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.92 billion, a P/E ratio of 44.60 and a beta of 0.94. Tetra Tech, Inc. has a 52-week low of $30.52 and a 52-week high of $51.20. The stock’s fifty day simple moving average is $47.81 and its 200-day simple moving average is $44.48.

Insider Activity at Tetra Tech

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 value of $1,715,173.10. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. 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 valued at $5,633,239. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TTEK. 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 lifted their price target on Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their price objective 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. Finally, KeyCorp raised their target price on shares of Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target 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.