Flinton Capital Management LLC Boosts Position in Tetra Tech, Inc. (TTEK)
Flinton Capital Management LLC boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 34.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,542 shares of the industrial products company’s stock after purchasing an additional 1,428 shares during the period. Flinton Capital Management LLC’s holdings in Tetra Tech were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Group Inc. increased its holdings in Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after buying an additional 2,167 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Tetra Tech in the first quarter valued at $185,000. Strs Ohio increased its holdings in Tetra Tech by 45.2% in the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,400 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in Tetra Tech in the second quarter valued at $206,000. Finally, Teacher Retirement System of Texas purchased a new position in Tetra Tech in the second quarter valued at $210,000. Institutional investors own 84.77% of the company’s stock.
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A number of research analysts have weighed in on the stock. Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Tetra Tech in a report on Friday, July 7th. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.86.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at 47.75 on Friday. Tetra Tech, Inc. has a 1-year low of $36.45 and a 1-year high of $48.80. The stock’s 50 day moving average is $44.69 and its 200-day moving average is $44.39. The stock has a market cap of $2.70 billion, a PE ratio of 24.20 and a beta of 1.07.
Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The business had revenue of $498.47 million for the quarter, compared to analysts’ expectations of $535.18 million. During the same quarter last year, the business posted $0.50 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Tetra Tech, Inc. will post $2.11 EPS for the current fiscal year.
About Tetra Tech
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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