Simon Quick Advisors LLC Acquires Shares of 17,414 Tetra Tech, Inc. $TTEK

Simon Quick Advisors LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, Holdings Channel reports. The institutional investor purchased 17,414 shares of the industrial products company’s stock, valued at approximately $626,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Tetra Tech by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after buying an additional 1,273,692 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Tetra Tech by 3.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after buying an additional 484,053 shares in the last quarter. Sarasin & Partners LLP grew its position in shares of Tetra Tech by 1.2% during the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after buying an additional 55,012 shares in the last quarter. Robeco Schweiz AG grew its position in shares of Tetra Tech by 30.3% during the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock worth $93,369,000 after buying an additional 742,241 shares in the last quarter. Finally, Ninety One UK Ltd grew its position in shares of Tetra Tech by 26.4% during the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company’s stock worth $87,465,000 after buying an additional 625,052 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.6%

Shares of NASDAQ TTEK opened at $31.98 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $8.40 billion, a P/E ratio of 39.98 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The business has a fifty day moving average price of $34.57 and a 200 day moving average price of $34.97.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $1.59 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. KeyCorp increased their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

About Tetra Tech

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.