Perbak Capital Partners LLP Makes New $269,000 Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Perbak Capital Partners LLP bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,753 shares of the industrial products company’s stock, valued at approximately $269,000.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $39,000. Asset Planning Inc bought a new stake in Tetra Tech during the fourth quarter worth $40,000. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in Tetra Tech during the fourth quarter worth about $63,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

TTEK has been the subject of a number of recent research reports. Maxim Group downgraded Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp decreased their price target on shares of Tetra Tech from $45.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.72.

Tetra Tech Trading Down 0.0 %

NASDAQ:TTEK opened at $31.20 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The stock has a market cap of $8.36 billion, a P/E ratio of 32.77 and a beta of 0.89. The stock has a 50-day simple moving average of $29.65 and a 200-day simple moving average of $37.37.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

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.