Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 463.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,260 shares of the industrial products company’s stock after purchasing an additional 84,099 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Tetra Tech were worth $4,823,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Tetra Tech by 0.3% during the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company’s stock worth $954,684,000 after acquiring an additional 14,701 shares during the period. Sarasin & Partners LLP boosted its holdings in Tetra Tech by 330.9% during the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company’s stock worth $233,460,000 after buying an additional 3,801,435 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company’s stock worth $155,601,000 after buying an additional 2,622,288 shares in the last quarter. abrdn plc boosted its holdings in Tetra Tech by 353.0% during the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company’s stock worth $98,477,000 after buying an additional 1,644,267 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in Tetra Tech by 289.0% during the third quarter. Copeland Capital Management LLC now owns 1,824,250 shares of the industrial products company’s stock worth $86,032,000 after buying an additional 1,355,351 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kimberly E. Ritrievi sold 6,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares of the company’s stock, valued at $6,655,936. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now owns 143,200 shares in the company, valued at approximately $6,655,936. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,750 shares of company stock valued at $6,798,589 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a report on Friday, August 2nd. KeyCorp boosted their price objective on shares of Tetra Tech from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird boosted their price objective on shares of Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.48.

Tetra Tech Stock Up 0.6 %

Shares of NASDAQ TTEK opened at $49.23 on Tuesday. Tetra Tech, Inc. has a 12-month low of $30.08 and a 12-month high of $50.69. The company has a market capitalization of $13.18 billion, a PE ratio of 45.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50-day moving average is $47.72 and its two-hundred day moving average is $44.04.

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.