Emerald Mutual Fund Advisers Trust cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 15.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 385,623 shares of the industrial products company’s stock after selling 69,160 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.68% of Tetra Tech worth $17,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTEK. UBS Asset Management Americas Inc. increased 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 valued at $2,759,000 after buying an additional 7,649 shares during the period. Teachers Advisors LLC increased its position in shares of Tetra Tech by 2.5% during the first quarter. Teachers Advisors LLC now owns 108,326 shares of the industrial products company’s stock valued at $4,425,000 after buying an additional 2,620 shares during the period. Vanguard Group Inc. increased its position in shares of Tetra Tech by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,212,870 shares of the industrial products company’s stock valued at $212,946,000 after buying an additional 302,821 shares during the period. Geode Capital Management LLC increased its position in shares of Tetra Tech by 10.3% during the first quarter. Geode Capital Management LLC now owns 475,172 shares of the industrial products company’s stock valued at $19,410,000 after buying an additional 44,512 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Tetra Tech by 120.5% during the first quarter. Renaissance Technologies LLC now owns 242,720 shares of the industrial products company’s stock valued at $9,915,000 after buying an additional 132,620 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

In related news, insider Ronald J. Chu sold 696 shares of Tetra Tech stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total transaction of $34,800.00. Following the sale, the insider now owns 37,800 shares of the company’s stock, valued at approximately $1,890,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald J. Chu sold 14,112 shares of Tetra Tech stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total value of $705,600.00. Following the sale, the insider now directly owns 51,216 shares in the company, valued at approximately $2,560,800. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on TTEK. Zacks Investment Research cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $48.86.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. 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 posted $0.50 EPS.

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Tetra Tech 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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