Tetra Tech, Inc. $TTEK Stock Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,192,763 shares of the industrial products company’s stock after purchasing an additional 433,473 shares during the quarter. Pictet Asset Management Holding SA owned about 2.03% of Tetra Tech worth $171,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Evelyn Partners Investment Management Services Ltd acquired a new position in Tetra Tech in the first quarter valued at about $35,000. Mather Group LLC. boosted its holdings in Tetra Tech by 562.0% in the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,169 shares during the period. Root Financial Partners LLC purchased a new position in Tetra Tech in the third quarter valued at $64,000. Signaturefd LLC grew its stake in Tetra Tech by 65.0% during the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 784 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in Tetra Tech during the 2nd quarter worth $72,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTEK. KeyCorp reaffirmed an “overweight” rating and issued a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Robert W. Baird set a $37.00 price objective on Tetra Tech in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their price objective on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, National Bank Financial reduced their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $40.29 on Monday. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company has a market cap of $10.32 billion, a P/E ratio of 24.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day moving average of $35.72 and a two-hundred day moving average of $33.21.

Tetra Tech Company Profile

Tetra Tech, Inc is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management.

The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.

Tetra Tech serves clients in the United States and internationally.