Tetra Tech, Inc. (TTEK) Stake Held by Prudential PLC
Prudential PLC maintained its position 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 8,867 shares of the industrial products company’s stock at the end of the second quarter. Prudential PLC’s holdings in Tetra Tech were worth $405,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of Tetra Tech by 194.9% during the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,167 shares in the last quarter. Strs Ohio increased its stake in shares of Tetra Tech by 45.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,400 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Tetra Tech during the second quarter valued at approximately $206,000. Victory Capital Management Inc. bought a new position in shares of Tetra Tech during the first quarter valued at approximately $185,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Tetra Tech during the second quarter valued at approximately $210,000. 84.77% of the stock is owned by institutional investors.
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Shares of Tetra Tech, Inc. (TTEK) opened at 47.90 on Friday. The stock has a market cap of $2.71 billion, a PE ratio of 24.28 and a beta of 1.07. The stock’s 50 day moving average is $44.48 and its 200-day moving average is $44.33. Tetra Tech, Inc. has a 12-month low of $36.20 and a 12-month high of $48.80.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. Equities analysts expect that Tetra Tech, Inc. will post $2.11 EPS for the current year.
A number of equities analysts have weighed in on the stock. Roth Capital set a $52.00 target price on shares of Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed 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 shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, Boenning Scattergood reaffirmed an “outperform” rating 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 given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $48.86.
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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