BI Asset Management Fondsmaeglerselskab A S Increases Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

BI Asset Management Fondsmaeglerselskab A S raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 168.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,472 shares of the industrial products company's stock after acquiring an additional 16,629 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Tetra Tech were worth $1,055,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after purchasing an additional 400 shares during the period. Nordea Investment Management AB increased its position in Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock worth $1,809,000 after buying an additional 411 shares in the last quarter. CIBC Asset Management Inc raised its stake in Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock worth $331,000 after acquiring an additional 438 shares during the period. Farther Finance Advisors LLC raised its position in shares of Tetra Tech by 13.0% during the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 461 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Tetra Tech Trading Down 0.7 %

TTEK traded down $0.21 during trading on Monday, hitting $31.01. 186,915 shares of the stock were exchanged, compared to its average volume of 1,998,091. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $37.50. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 32.60 and a beta of 0.89. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating 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, equities analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TTEK. KeyCorp lowered their target price on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada set a $49.00 price objective on Tetra Tech in a research note on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.72.

Tetra Tech 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.