Employees Retirement System of Texas held its stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,500 shares of the industrial products company’s stock at the end of the second quarter. Employees Retirement System of Texas owned approximately 0.15% of Tetra Tech worth $3,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Tetra Tech by 12,066.6% during the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock worth $332,349,000 after purchasing an additional 8,068,959 shares during the period. State Street Corp boosted its stake in shares of Tetra Tech by 6.8% during the 1st quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock worth $58,339,000 after purchasing an additional 90,381 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of Tetra Tech during the 2nd quarter worth about $1,003,000. Capital Fund Management S.A. purchased a new position in shares of Tetra Tech during the 2nd quarter worth about $581,000. Finally, Bank of America Corp DE boosted its stake in shares of Tetra Tech by 33.1% during the 1st quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock worth $8,936,000 after purchasing an additional 54,438 shares during the period. 84.77% of the stock is owned by institutional investors and hedge funds.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) opened at 48.10 on Friday. The company’s 50-day moving average is $43.61 and its 200-day moving average is $44.10. Tetra Tech, Inc. has a one year low of $36.03 and a one year high of $48.35. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 24.38 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced 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). The company had revenue of $498.47 million for the quarter, compared to analysts’ expectations of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. On average, equities analysts predict that Tetra Tech, Inc. will post $2.11 EPS for the current year.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research note on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research note on Tuesday, September 5th. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Hold” and a consensus target price of $48.86.

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

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