Aquatic Capital Management LLC Acquires 61,326 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Aquatic Capital Management LLC lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 147.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,826 shares of the industrial products company's stock after purchasing an additional 61,326 shares during the period. Aquatic Capital Management LLC's holdings in Tetra Tech were worth $4,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TTEK. Vanguard Group Inc. lifted its holdings in shares of Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after purchasing an additional 127,757 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Tetra Tech by 2.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after purchasing an additional 381,437 shares in the last quarter. Amundi lifted its holdings in shares of Tetra Tech by 2.5% in the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tetra Tech by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock valued at $188,487,000 after purchasing an additional 13,616 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Tetra Tech in the fourth quarter valued at $121,390,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

TTEK stock traded up $0.02 during mid-day trading on Thursday, reaching $31.21. 1,152,443 shares of the stock traded hands, compared to its average volume of 1,999,736. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The business has a 50-day moving average of $29.72 and a two-hundred day moving average of $37.16. The firm has a market capitalization of $8.37 billion, a PE ratio of 32.78 and a beta of 0.89.

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

Insider Activity at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TTEK shares. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp dropped 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 note on Wednesday, April 16th. Finally, Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research note on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.72.

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.