Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 358.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 715,705 shares of the industrial products company’s stock after purchasing an additional 559,460 shares during the period. TimesSquare Capital Management LLC’s holdings in Tetra Tech were worth $33,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its stake in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC boosted its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 444 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Tetra Tech during the second quarter valued at approximately $28,000. USA Financial Formulas raised its holdings 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 purchasing an additional 545 shares in the last quarter. Finally, Rise Advisors LLC lifted its position in Tetra Tech by 402.1% in the third quarter. Rise Advisors LLC now owns 723 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 579 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Price Performance

TTEK opened at $46.81 on Friday. The firm has a market capitalization of $12.53 billion, a P/E ratio of 43.26 and a beta of 0.94. The stock has a fifty day moving average of $47.78 and a 200-day moving average of $44.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 12-month low of $30.30 and a 12-month high of $51.20.

Analyst Ratings Changes

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

Insider Transactions at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares of the company’s stock, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the sale, the chief financial officer now directly owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock valued at $5,633,239 over the last three months. 0.61% of the stock is owned by corporate insiders.

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.