Tetra Tech, Inc. (NASDAQ:TTEK) Stock Holdings Raised by Mariner LLC

Mariner LLC boosted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 116.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,959 shares of the industrial products company's stock after buying an additional 20,431 shares during the quarter. Mariner LLC's holdings in Tetra Tech were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Tetra Tech by 0.5% during the 4th 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 last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Tetra Tech by 2.8% during the 4th 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 last quarter. Amundi grew its holdings in shares of Tetra Tech by 2.5% during the fourth quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after buying an additional 117,304 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 valued at $188,487,000 after buying an additional 13,616 shares during the period. Finally, Norges Bank acquired a new stake in Tetra Tech during the fourth quarter worth approximately $121,390,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction 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 owns 60,196 shares of the company's stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

Tetra Tech Stock Up 0.4 %

Shares of NASDAQ:TTEK traded up $0.11 during midday trading on Thursday, hitting $31.30. 279,399 shares of the company's stock traded hands, compared to its average volume of 1,996,162. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a market cap of $8.39 billion, a PE ratio of 32.95 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm's fifty day moving average price is $29.70 and its two-hundred day moving average price is $37.29.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate 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 anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp dropped 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. Maxim Group lowered shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and a consensus target price 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.