Bridge City Capital LLC cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 39,300 shares of the industrial products company’s stock after selling 369 shares during the quarter. Tetra Tech comprises approximately 1.4% of Bridge City Capital LLC’s portfolio, making the stock its 24th largest holding. Bridge City Capital LLC’s holdings in Tetra Tech were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in TTEK. Norges Bank purchased a new stake in shares of Tetra Tech during the fourth quarter valued at $98,489,000. Copeland Capital Management LLC purchased a new stake in shares of Tetra Tech during the first quarter valued at $22,608,000. Morgan Stanley boosted its position in shares of Tetra Tech by 51.8% during the third quarter. Morgan Stanley now owns 520,396 shares of the industrial products company’s stock valued at $35,544,000 after buying an additional 177,506 shares during the last quarter. BlackRock Inc. boosted its position in shares of Tetra Tech by 1.7% during the fourth quarter. BlackRock Inc. now owns 8,557,320 shares of the industrial products company’s stock valued at $443,014,000 after buying an additional 139,246 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Tetra Tech by 42.1% during the fourth quarter. Millennium Management LLC now owns 302,340 shares of the industrial products company’s stock valued at $15,652,000 after buying an additional 89,503 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

TTEK stock opened at $64.72 on Wednesday. Tetra Tech, Inc. has a fifty-two week low of $46.30 and a fifty-two week high of $72.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.44 and a beta of 1.16.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. Tetra Tech had a return on equity of 16.02% and a net margin of 4.55%. The company had revenue of $553.36 million for the quarter, compared to the consensus estimate of $558.46 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. Tetra Tech’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Tetra Tech, Inc. will post 2.96 earnings per share for the current year.

In other news, Director Albert E. Smith sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $64.00, for a total value of $268,800.00. Following the transaction, the director now owns 47,358 shares of the company’s stock, valued at $3,030,912. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Craig L. Christensen sold 3,925 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $55.00, for a total value of $215,875.00. Following the completion of the transaction, the senior vice president now directly owns 40,116 shares in the company, valued at approximately $2,206,380. The disclosure for this sale can be found here. In the last three months, insiders sold 77,684 shares of company stock worth $4,585,847. 3.00% of the stock is owned by corporate insiders.

Several research firms recently commented on TTEK. Sidoti began coverage on Tetra Tech in a research report on Tuesday, April 9th. They set a “buy” rating on the stock. Roth Capital lowered their target price on Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 29th. ValuEngine raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Friday, February 8th. Finally, BidaskClub raised Tetra Tech from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Tetra Tech currently has an average rating of “Buy” and a consensus target price of $72.83.

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About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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