Tetra Tech Inc. (TTEK) Shares Sold by Cooke & Bieler LP
Cooke & Bieler LP lowered its position in shares of Tetra Tech Inc. (NASDAQ:TTEK) by 15.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 745,595 shares of the company’s stock after selling 140,132 shares during the period. Cooke & Bieler LP owned 1.30% of Tetra Tech worth $22,923,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Managed Asset Portfolios LLC raised its stake in shares of Tetra Tech by 9.1% in the first quarter. Managed Asset Portfolios LLC now owns 270,208 shares of the company’s stock worth $8,057,000 after buying an additional 22,626 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Tetra Tech during the first quarter worth $277,000. Invictus RG raised its stake in shares of Tetra Tech by 1,003.7% in the first quarter. Invictus RG now owns 4,448 shares of the company’s stock worth $133,000 after buying an additional 4,045 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tetra Tech by 46.0% in the first quarter. Goldman Sachs Group Inc. now owns 79,777 shares of the company’s stock worth $2,379,000 after buying an additional 25,123 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Tetra Tech by 1.0% in the first quarter. UBS Group AG now owns 268,935 shares of the company’s stock worth $8,020,000 after buying an additional 2,603 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.
Tetra Tech Inc. (NASDAQ:TTEK) traded up 2.236% on Tuesday, reaching $37.725. 349,705 shares of the company’s stock were exchanged. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 105.969 and a beta of 1.21. The firm has a 50 day moving average of $35.67 and a 200-day moving average of $32.22. Tetra Tech Inc. has a one year low of $22.85 and a one year high of $37.90.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $667 million for the quarter, compared to analyst estimates of $498.79 million. Tetra Tech had a net margin of 0.86% and a return on equity of 12.31%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Equities research analysts forecast that Tetra Tech Inc. will post $1.88 EPS for the current fiscal year.
A number of brokerages recently weighed in on TTEK. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Friday, October 7th. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, October 4th. FBR & Co lifted their price objective on shares of Tetra Tech from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $37.00 price objective on shares of Tetra Tech in a report on Friday, July 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.40.
In related news, EVP Ronald J. Chu sold 29,413 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $32.00, for a total transaction of $941,216.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Janis B. Salin sold 16,750 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $32.00, for a total value of $536,000.00. The disclosure for this sale can be found here. Insiders own 4.00% 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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