Intellectus Partners LLC maintained its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,201 shares of the industrial products company’s stock at the close of the second quarter. Intellectus Partners LLC’s holdings in Tetra Tech were worth $192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. US Bancorp DE raised its position in shares of Tetra Tech by 69.9% in the 1st quarter. US Bancorp DE now owns 5,416 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 2,228 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Tetra Tech by 12.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 67,547 shares of the industrial products company’s stock worth $2,759,000 after buying an additional 7,649 shares during the last quarter. Mason Street Advisors LLC grew its stake in Tetra Tech by 7.5% during the 1st quarter. Mason Street Advisors LLC now owns 13,403 shares of the industrial products company’s stock worth $548,000 after buying an additional 934 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Tetra Tech by 6.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 11,075 shares of the industrial products company’s stock worth $451,000 after buying an additional 696 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Tetra Tech by 14.3% during the 1st quarter. JPMorgan Chase & Co. now owns 351,138 shares of the industrial products company’s stock worth $14,343,000 after buying an additional 43,846 shares during the last quarter. 84.77% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on TTEK shares. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and set a $50.00 target price on shares of Tetra Tech in a research note on Friday, July 7th. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Robert W. Baird restated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research note on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.86.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded down 0.10% during mid-day trading on Friday, hitting $47.85. The stock had a trading volume of 49,297 shares. The firm has a 50 day moving average price of $44.48 and a 200 day moving average price of $44.33. Tetra Tech, Inc. has a 52-week low of $36.20 and a 52-week high of $48.80. The firm has a market cap of $2.71 billion, a PE ratio of 24.25 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The business had revenue of $498.47 million during the quarter, compared to analysts’ expectations of $535.18 million. During the same period in the prior year, the firm posted $0.50 EPS. Tetra Tech’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that Tetra Tech, Inc. will post $2.11 EPS for the current year.

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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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