Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,572 shares of the industrial products company’s stock after buying an additional 7,190 shares during the period. Tetra Tech comprises 0.5% of Leith Wheeler Investment Counsel Ltd.’s investment portfolio, making the stock its 23rd largest position. Leith Wheeler Investment Counsel Ltd. owned 0.05% of Tetra Tech worth $1,275,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTEK. UBS Asset Management Americas Inc. lifted its position in shares of Tetra Tech by 12.8% during the first quarter. UBS Asset Management Americas Inc. now owns 67,547 shares of the industrial products company’s stock worth $2,759,000 after purchasing an additional 7,649 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Tetra Tech by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 11,075 shares of the industrial products company’s stock worth $451,000 after purchasing an additional 696 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Tetra Tech by 14.3% during the first quarter. JPMorgan Chase & Co. now owns 351,138 shares of the industrial products company’s stock worth $14,343,000 after purchasing an additional 43,846 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Tetra Tech by 0.6% during the first quarter. Prudential Financial Inc. now owns 101,750 shares of the industrial products company’s stock worth $4,156,000 after purchasing an additional 630 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Tetra Tech during the first quarter worth $185,000. 84.77% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech, Inc. (NASDAQ:TTEK) traded up 0.42% during mid-day trading on Wednesday, reaching $48.10. 58,133 shares of the company traded hands. The company has a market capitalization of $2.72 billion, a P/E ratio of 24.38 and a beta of 1.07. The stock has a 50 day moving average price of $44.81 and a 200-day moving average price of $44.45. Tetra Tech, Inc. has a 52-week low of $36.45 and a 52-week high of $48.80.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results 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 during 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 firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.50 earnings per share. Analysts expect that Tetra Tech, Inc. will post $2.11 EPS for the current fiscal year.

A number of research analysts have recently commented on TTEK shares. Robert W. Baird reissued a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Stifel Nicolaus reissued a “hold” rating and set a $50.00 target price on shares of Tetra Tech in a research report on Friday, July 7th. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.86.

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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.

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

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