Susquehanna Fundamental Investments LLC Buys Shares of 116,535 Tetra Tech, Inc. (NASDAQ:TTEK)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,535 shares of the industrial products company's stock, valued at approximately $4,643,000.

A number of other institutional investors also recently made changes to their positions in TTEK. Vanguard Group Inc. boosted its stake in shares of Tetra Tech by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after buying an additional 127,757 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Tetra Tech by 2.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock worth $558,512,000 after purchasing an additional 381,437 shares during the period. Amundi raised its stake in Tetra Tech by 2.5% in the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock valued at $194,314,000 after purchasing an additional 117,304 shares in the last quarter. Geode Capital Management LLC lifted its position in Tetra Tech by 0.3% during the fourth 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 period. Finally, Norges Bank acquired a new stake in Tetra Tech during the fourth quarter worth about $121,390,000. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.23 during midday trading on Friday, reaching $30.98. 1,589,077 shares of the company were exchanged, compared to its average volume of 1,998,100. The stock's 50-day moving average price is $29.74 and its 200-day moving average price is $37.04. The stock has a market cap of $8.30 billion, a P/E ratio of 32.54 and a beta of 0.92. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at Tetra Tech

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TTEK. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp cut their target price 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. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and an average price target of $45.72.

About Tetra Tech

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.