LGT Financial Advisors LLC Grows Position in Tetra Tech, Inc. (NASDAQ:TTEK)

LGT Financial Advisors LLC lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 400.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 555 shares of the industrial products company’s stock after buying an additional 444 shares during the period. LGT Financial Advisors LLC’s holdings in Tetra Tech were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock valued at $1,718,000 after buying an additional 31,445 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after purchasing an additional 19,193 shares during the period. SFE Investment Counsel grew its holdings in shares of Tetra Tech by 374.8% in the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock valued at $1,713,000 after purchasing an additional 28,679 shares during the period. Nwam LLC acquired a new stake in Tetra Tech during the first quarter worth about $1,123,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Tetra Tech by 88.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock valued at $2,288,000 after purchasing an additional 5,819 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Up 1.4 %

TTEK opened at $47.46 on Friday. Tetra Tech, Inc. has a 52 week low of $30.14 and a 52 week high of $51.20. 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 business has a fifty day simple moving average of $47.79 and a 200-day simple moving average of $44.26. The firm has a market cap of $12.70 billion, a P/E ratio of 43.86 and a beta of 0.94.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TTEK shares. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. KeyCorp lifted their target price on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Robert W. Baird increased their price target on Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their price objective on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.48.

Insider Buying and Selling

In other Tetra Tech news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares in the company, valued at $5,244,713.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The shares were 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 owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,750 shares of company stock valued at $5,633,239. Corporate insiders own 0.61% of the company’s stock.

About Tetra Tech

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.