Guggenheim Capital LLC Makes New Investment in Tetra Tech, Inc. (NASDAQ:TTEK)

Guggenheim Capital LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,517 shares of the industrial products company's stock, valued at approximately $379,000.

Several other institutional investors have also modified their holdings of the company. Virtu Financial LLC purchased a new position in Tetra Tech during the 3rd quarter valued at about $285,000. Capstone Capital LLC increased its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. Capstone Capital LLC now owns 5,075 shares of the industrial products company's stock worth $239,000 after purchasing an additional 4,060 shares in the last quarter. World Investment Advisors LLC raised its position in shares of Tetra Tech by 393.9% during the 3rd quarter. World Investment Advisors LLC now owns 5,680 shares of the industrial products company's stock worth $268,000 after purchasing an additional 4,530 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Tetra Tech in the 3rd quarter valued at approximately $522,000. Finally, Cim Investment Management Inc. grew its holdings in Tetra Tech by 400.0% during the 3rd quarter. Cim Investment Management Inc. now owns 5,255 shares of the industrial products company's stock valued at $248,000 after buying an additional 4,204 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of analyst reports. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. 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 note on Wednesday, April 16th. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a research report on Friday, January 31st. Three 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.com, Tetra Tech presently has an average rating of "Moderate Buy" and an average target price of $45.72.

Tetra Tech Trading Down 0.5 %

NASDAQ:TTEK traded down $0.15 during mid-day trading on Friday, reaching $31.06. The company's stock had a trading volume of 365,481 shares, compared to its average volume of 1,993,427. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $8.32 billion, a P/E ratio of 32.66 and a beta of 0.92. The company's fifty day simple moving average is $29.72 and its two-hundred day simple moving average is $37.16. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its 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%. On average, equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Insider Buying and Selling at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of the 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 transaction, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

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.