Forum Financial Management LP increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 400.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,045 shares of the industrial products company’s stock after buying an additional 4,037 shares during the quarter. Forum Financial Management LP’s holdings in Tetra Tech were worth $238,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTEK. Allworth Financial LP raised its holdings in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after buying an additional 472 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Tetra Tech in the second quarter valued at $28,000. USA Financial Formulas raised its stake in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 545 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Tetra Tech by 402.1% during the third quarter. Rise Advisors LLC now owns 723 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 579 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Sound Income Strategies LLC now owns 725 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 580 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.
Tetra Tech Stock Performance
Shares of Tetra Tech stock opened at $50.35 on Wednesday. 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 has a 50 day simple moving average of $47.79 and a 200 day simple moving average of $44.13. Tetra Tech, Inc. has a fifty-two week low of $30.08 and a fifty-two week high of $50.69. The firm has a market cap of $13.48 billion, a P/E ratio of 46.62 and a beta of 0.94.
Insider Activity
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Tetra Tech from $44.60 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised 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. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, KeyCorp raised their price target on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $50.48.
Read Our Latest Research Report on TTEK
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.
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