Tetra Tech, Inc. $TTEK Holdings Decreased by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 13.5% during the third quarter, Holdings Channel.com reports. The fund owned 2,135,123 shares of the industrial products company’s stock after selling 334,269 shares during the period. Tetra Tech accounts for approximately 2.5% of Van Berkom & Associates Inc.’s holdings, making the stock its 13th largest holding. Van Berkom & Associates Inc.’s holdings in Tetra Tech were worth $70,352,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TTEK. Pictet Asset Management Holding SA increased its position in shares of Tetra Tech by 9.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 5,192,763 shares of the industrial products company’s stock worth $171,115,000 after purchasing an additional 433,473 shares during the last quarter. Amundi boosted its holdings in shares of Tetra Tech by 7.4% in the 2nd quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock valued at $147,264,000 after buying an additional 349,272 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock valued at $114,128,000 after buying an additional 112,560 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Tetra Tech by 47.6% in the first quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock valued at $73,658,000 after buying an additional 788,491 shares in the last quarter. Finally, Energy Income Partners LLC bought a new position in shares of Tetra Tech in the second quarter valued at $68,512,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 2.0%

Shares of TTEK opened at $41.09 on Tuesday. The stock has a market capitalization of $10.52 billion, a PE ratio of 24.75 and a beta of 0.86. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $35.81 and its 200-day moving average is $33.23. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. KeyCorp reiterated an “overweight” rating and issued a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday, October 15th. Weiss Ratings raised shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. National Bank Financial lowered their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Tetra Tech 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.