Los Angeles Capital Management LLC Buys New Stake in Tetra Tech, Inc. $TTEK

Los Angeles Capital Management LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 286,146 shares of the industrial products company’s stock, valued at approximately $10,290,000.

Several other large investors also recently modified their holdings of the stock. LGT Group Foundation lifted its position in shares of Tetra Tech by 124.2% during the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock worth $79,971,000 after buying an additional 1,514,583 shares during the period. Vanguard Group Inc. grew its position in Tetra Tech by 4.9% in the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after acquiring an additional 1,273,692 shares during the period. Van Berkom & Associates Inc. acquired a new position in Tetra Tech during the first quarter worth $32,816,000. Goldman Sachs Group Inc. raised its stake in Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after acquiring an additional 957,050 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Tetra Tech by 75.8% during the first quarter. Ameriprise Financial Inc. now owns 1,523,809 shares of the industrial products company’s stock valued at $44,571,000 after acquiring an additional 656,872 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTEK has been the topic of several analyst reports. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. National Bank Financial initiated coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the stock an “outperform” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of “Hold” and a consensus price target of $41.00.

Insiders Place Their Bets

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Tetra Tech Trading Up 0.9%

Shares of NASDAQ TTEK opened at $32.22 on Monday. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $48.73. The company has a 50-day moving average of $34.12 and a two-hundred day moving average of $35.10. The company has a market cap of $8.47 billion, a PE ratio of 40.28 and a beta of 0.96. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.