Tetra Tech (NASDAQ:TTEK) Given New $47.00 Price Target at Robert W. Baird

Tetra Tech (NASDAQ:TTEK) had its price target increased by Robert W. Baird from $46.00 to $47.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the industrial products company’s stock.

TTEK has been the topic of several other reports. KeyCorp lifted their price objective on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.28.

Tetra Tech Price Performance

NASDAQ:TTEK traded down $0.22 during trading hours on Thursday, hitting $40.74. The company’s stock had a trading volume of 1,152,134 shares, compared to its average volume of 1,443,399. Tetra Tech has a 52-week low of $30.92 and a 52-week high of $51.20. The company has a market capitalization of $10.90 billion, a PE ratio of 33.25 and a beta of 0.94. The business’s 50-day moving average is $47.82 and its two-hundred day moving average is $44.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21.

Insider Buying and Selling

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the sale, the director now owns 143,200 shares in the company, valued at $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven M. Burdick sold 36,830 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock worth $5,633,239 in the last 90 days. 0.61% of the stock is owned by company insiders.

Institutional Trading of Tetra Tech

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC grew its position in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech in the second quarter valued at approximately $28,000. Venturi Wealth Management LLC grew its position in shares of Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC grew its position in shares of Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

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.