Shares of Tetra Tech Inc. (NASDAQ:TTEK) saw unusually-strong trading volume on Friday . Approximately 318,574 shares changed hands during trading, an increase of 9% from the previous session’s volume of 292,672 shares.The stock last traded at $32.82 and had previously closed at $32.48.

A number of analysts recently issued reports on TTEK shares. Zacks Investment Research lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Canaccord Genuity started coverage on Tetra Tech in a research note on Monday, April 11th. They set a “hold” rating and a $30.00 price objective on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Tetra Tech in a research note on Monday, April 11th. Oppenheimer Holdings Inc. lowered Tetra Tech from an “outperform” rating to a “market perform” rating in a research note on Monday, April 18th. Finally, Sidoti started coverage on Tetra Tech in a research note on Tuesday, April 19th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Tetra Tech currently has a consensus rating of “Hold” and an average target price of $31.80.

The firm has a market capitalization of $1.91 billion and a price-to-earnings ratio of 91.16. The company has a 50-day moving average of $30.82 and a 200-day moving average of $28.64.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 27th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. During the same quarter in the prior year, the business posted $0.31 earnings per share. The business had revenue of $478.77 million for the quarter, compared to analysts’ expectations of $466.48 million. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts predict that Tetra Tech Inc. will post $1.87 EPS for the current year.

In other news, Director Patrick C. Haden sold 8,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $30.14, for a total value of $241,120.00. Following the transaction, the director now directly owns 18,055 shares in the company, valued at approximately $544,177.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brian N. Carter sold 1,551 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $29.81, for a total value of $46,235.31. Following the completion of the transaction, the senior vice president now owns 9,148 shares in the company, valued at $272,701.88. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in TTEK. Nationwide Fund Advisors increased its position in Tetra Tech by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 51,986 shares of the company’s stock worth $1,353,000 after buying an additional 409 shares during the period. California State Teachers Retirement System increased its position in Tetra Tech by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 111,626 shares of the company’s stock worth $2,905,000 after buying an additional 1,771 shares during the period. Rhumbline Advisers increased its position in Tetra Tech by 4.2% in the fourth quarter. Rhumbline Advisers now owns 106,257 shares of the company’s stock worth $2,765,000 after buying an additional 4,315 shares during the period. New York State Common Retirement Fund increased its position in Tetra Tech by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 406,682 shares of the company’s stock worth $10,582,000 after buying an additional 3,341 shares during the period. Finally, Bedell Frazier Investment Counseling LLC increased its position in Tetra Tech by 3.5% in the fourth quarter. Bedell Frazier Investment Counseling LLC now owns 95,180 shares of the company’s stock worth $2,477,000 after buying an additional 3,255 shares during the period.

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy.

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