Tetra Tech (NASDAQ:TTEK) Upgraded at Northcoast Research

Tetra Tech (NASDAQ:TTEK) was upgraded by Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $225.00 target price on the industrial products company’s stock. Northcoast Research’s price target would suggest a potential upside of 12.11% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Robert W. Baird increased their price target on shares of Tetra Tech from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday. KeyCorp started coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective for the company. Finally, Maxim Group increased their target price on shares of Tetra Tech from $220.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.80.

Tetra Tech Price Performance

Shares of TTEK traded up $8.20 during trading hours on Thursday, reaching $200.69. 250,732 shares of the company’s stock traded hands, compared to its average volume of 265,127. Tetra Tech has a 12 month low of $132.29 and a 12 month high of $203.16. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock has a market cap of $10.74 billion, a PE ratio of 46.13 and a beta of 0.93. The firm’s 50 day simple moving average is $185.52 and its 200-day simple moving average is $171.09.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. Tetra Tech’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. Equities analysts expect that Tetra Tech will post 6.07 EPS for the current year.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.00, for a total value of $1,386,000.00. Following the transaction, the director now owns 14,485 shares in the company, valued at $2,390,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares in the company, valued at approximately $2,390,025. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Brian N. Carter sold 5,580 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the transaction, the senior vice president now owns 8,360 shares of the company’s stock, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,123 shares of company stock worth $5,487,673. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently modified their holdings of TTEK. Asset Management One Co. Ltd. boosted its position in Tetra Tech by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 31,695 shares of the industrial products company’s stock valued at $4,819,000 after acquiring an additional 180 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Tetra Tech by 6.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 5,046 shares of the industrial products company’s stock valued at $767,000 after buying an additional 290 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Tetra Tech by 7.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,856 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 134 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Tetra Tech by 13.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 35,971 shares of the industrial products company’s stock worth $5,469,000 after buying an additional 4,149 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Tetra Tech by 29.3% during the third quarter. Raymond James & Associates now owns 34,158 shares of the industrial products company’s stock valued at $5,193,000 after buying an additional 7,744 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

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.