Quotient Investors LLC Has $327,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)
Quotient Investors LLC continued to hold its stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, Holdings Channel reports. The institutional investor owned 8,000 shares of the industrial products company’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Tetra Tech were worth $327,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of TTEK. Victory Capital Management Inc. bought a new stake in Tetra Tech during the first quarter valued at about $185,000. LS Investment Advisors LLC raised its stake in Tetra Tech by 117.6% in the first quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock valued at $199,000 after buying an additional 2,633 shares in the last quarter. US Bancorp DE increased its position in Tetra Tech by 69.9% in the first quarter. US Bancorp DE now owns 5,416 shares of the industrial products company’s stock worth $221,000 after buying an additional 2,228 shares during the last quarter. Cim Investment Mangement Inc. acquired a new position in Tetra Tech during the first quarter worth approximately $249,000. Finally, State of Alaska Department of Revenue increased its position in Tetra Tech by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the industrial products company’s stock worth $258,000 after buying an additional 110 shares during the last quarter. Institutional investors own 84.87% of the company’s stock.
Tetra Tech, Inc. (NASDAQ TTEK) traded down 0.43% during trading on Friday, hitting $46.85. 165,444 shares of the stock were exchanged. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.72 and a beta of 1.02. Tetra Tech, Inc. has a 52 week low of $32.06 and a 52 week high of $47.75. The firm has a 50-day moving average of $46.15 and a 200-day moving average of $43.29.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Tetra Tech had a net margin of 4.04% and a return on equity of 13.70%. The business had revenue of $511.95 million for the quarter, compared to the consensus estimate of $491.60 million. During the same period in the prior year, the company posted $0.37 earnings per share. Tetra Tech’s revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Tetra Tech, Inc. will post $2.22 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Stifel Nicolaus reaffirmed a “hold” rating and set a $50.00 price objective on shares of Tetra Tech in a report on Friday, July 7th. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Wednesday, June 7th. Finally, Sidoti reaffirmed a “buy” rating and set a $58.00 price objective (up from $55.00) on shares of Tetra Tech in a report on Sunday, May 14th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.89.
In other Tetra Tech news, CFO Steven M. Burdick sold 16,750 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dan L. Batrack sold 1,117 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $45.00, for a total transaction of $50,265.00. Following the sale, the chief executive officer now owns 214,128 shares in the company, valued at $9,635,760. The disclosure for this sale can be found here. Insiders have sold 354,464 shares of company stock worth $16,197,699 over the last quarter. Corporate insiders own 3.80% of the company’s stock.
Tetra Tech Company Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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