Mercer Global Advisors Inc. ADV Raises Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Mercer Global Advisors Inc. ADV grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 240,960 shares of the industrial products company's stock after buying an additional 14,112 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.09% of Tetra Tech worth $9,600,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TTEK. Vanguard Group Inc. increased its position in Tetra Tech by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock worth $1,032,338,000 after buying an additional 127,757 shares during the period. Pictet Asset Management Holding SA raised its position in Tetra Tech by 2.8% in the 4th 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 during the last quarter. Amundi boosted its stake in Tetra Tech by 2.5% during the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after purchasing an additional 117,304 shares during the period. Geode Capital Management LLC grew its position in Tetra Tech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock worth $188,487,000 after purchasing an additional 13,616 shares during the last quarter. Finally, Norges Bank acquired a new position in Tetra Tech in the fourth quarter valued at $121,390,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was 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. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company's stock.

Tetra Tech Stock Down 0.7 %

TTEK opened at $30.98 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8.30 billion, a P/E ratio of 32.54 and a beta of 0.92. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The business's fifty day simple moving average is $29.74 and its 200 day simple moving average is $36.96.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTEK has been the subject of several analyst reports. KeyCorp cut their price target on Tetra Tech from $45.00 to $34.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 target price 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 two have given a buy rating to the company. According to MarketBeat, Tetra Tech currently has an average rating of "Hold" and an average target price of $45.90.

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.

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