Tetra Tech, Inc. (NASDAQ:TTEK) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 107.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,927 shares of the industrial products company's stock after acquiring an additional 23,776 shares during the period. Marshall Wace LLP's holdings in Tetra Tech were worth $1,830,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Charter Oak Advisors LP acquired a new stake in shares of Tetra Tech in the 4th quarter valued at about $2,563,000. Guggenheim Capital LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $379,000. XTX Topco Ltd increased its holdings in shares of Tetra Tech by 53.9% in the 4th quarter. XTX Topco Ltd now owns 16,614 shares of the industrial products company's stock valued at $662,000 after acquiring an additional 5,818 shares during the period. Icon Advisers Inc. Co. grew its position in Tetra Tech by 71.6% during the 4th quarter. Icon Advisers Inc. Co. now owns 115,000 shares of the industrial products company's stock worth $4,582,000 after purchasing an additional 48,000 shares during the last quarter. Finally, Mariner LLC raised its stake in Tetra Tech by 116.6% during the 4th quarter. Mariner LLC now owns 37,959 shares of the industrial products company's stock valued at $1,512,000 after acquiring an additional 20,431 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Activity at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech 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 completion of the sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Price Performance

Shares of TTEK stock traded down $0.08 during midday trading on Wednesday, reaching $31.19. 1,783,974 shares of the company traded hands, compared to its average volume of 2,003,839. The firm has a market cap of $8.36 billion, a PE ratio of 32.76 and a beta of 0.89. 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 firm's 50 day simple moving average is $29.67 and its two-hundred day simple moving average is $37.33. 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 posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TTEK shares. Maxim Group lowered Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp cut their price objective on shares of Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report 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. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of "Moderate Buy" and an average price target 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.