Robert W. Baird Increases Tetra Tech (NASDAQ:TTEK) Price Target to $200.00

Tetra Tech (NASDAQ:TTEK - Free Report) had its price objective hoisted by Robert W. Baird from $180.00 to $200.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the industrial products company's stock.

A number of other analysts also recently issued reports on the stock. Maxim Group lifted their price objective on shares of Tetra Tech from $220.00 to $230.00 and gave the company a buy rating in a report on Tuesday. Royal Bank of Canada lifted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, KeyCorp initiated coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an overweight rating and a $191.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $209.80.

Tetra Tech Price Performance

Shares of TTEK traded up $11.77 during trading hours on Thursday, hitting $204.26. The stock had a trading volume of 551,741 shares, compared to its average volume of 268,688. Tetra Tech has a 52 week low of $132.29 and a 52 week high of $204.33. The company's fifty day moving average is $186.04 and its two-hundred day moving average is $171.32. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 47.28 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.13. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The company's revenue was down 9.5% on a year-over-year basis. On average, analysts anticipate that Tetra Tech will post 6.07 EPS for the current year.

Insider Buying and Selling

In related news, Director J Kenneth Thompson sold 8,400 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares of the company's stock, valued at approximately $2,390,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director J Kenneth Thompson sold 8,400 shares of the firm's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares of the company's stock, valued at approximately $2,390,025. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now directly owns 37,405 shares of the company's stock, valued at approximately $6,172,199.05. The disclosure for this sale can be found here. Insiders have sold a total of 32,123 shares of company stock worth $5,487,673 in the last ninety days. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of Tetra Tech

Large investors have recently modified their holdings of the business. Hunter Associates Investment Management LLC lifted its position in Tetra Tech by 26.4% in the 1st quarter. Hunter Associates Investment Management LLC now owns 6,130 shares of the industrial products company's stock worth $1,131,000 after buying an additional 1,280 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in Tetra Tech by 96.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 2,817 shares of the industrial products company's stock worth $520,000 after buying an additional 1,381 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Tetra Tech by 6.0% in the 1st quarter. BNP Paribas Financial Markets now owns 198,204 shares of the industrial products company's stock worth $36,610,000 after buying an additional 11,297 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Tetra Tech by 4.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,460 shares of the industrial products company's stock worth $1,009,000 after buying an additional 228 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in Tetra Tech by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 77,861 shares of the industrial products company's stock worth $14,382,000 after buying an additional 455 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

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.