Black Swift Group LLC Takes $943,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Black Swift Group LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,000 shares of the industrial products company's stock, valued at approximately $943,000.

A number of other institutional investors have also recently bought and sold shares of TTEK. Banque Cantonale Vaudoise bought a new stake in Tetra Tech in the 2nd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Tetra Tech by 561.3% during the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock worth $44,000 after purchasing an additional 174 shares during the last quarter. Family Firm Inc. bought a new position in Tetra Tech in the second quarter valued at $51,000. Quarry LP acquired a new stake in Tetra Tech in the 2nd quarter valued at $54,000. Finally, 1832 Asset Management L.P. lifted its position in Tetra Tech by 125.8% during the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company's stock worth $50,000 after buying an additional 151 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTEK. Royal Bank of Canada lifted their target price on Tetra Tech from $46.60 to $51.80 and gave the company an "outperform" rating in a research report on Friday, August 2nd. StockNews.com raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. KeyCorp increased their price objective on Tetra Tech from $49.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Robert W. Baird upped their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $50.68.

Insider Activity at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now directly owns 296,015 shares of the company's stock, valued at $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company's stock, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 121,750 shares of company stock worth $5,633,239. Company insiders own 0.61% of the company's stock.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK traded down $6.39 on Thursday, hitting $40.96. The company had a trading volume of 9,892,195 shares, compared to its average volume of 1,444,699. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 37.86 and a beta of 0.94. The stock has a 50 day moving average price of $47.82 and a 200 day moving average price of $44.55. Tetra Tech, Inc. has a 1-year low of $30.92 and a 1-year high of $51.20. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52.

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.