Entropy Technologies LP Acquires 24,799 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Entropy Technologies LP boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1,339.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,650 shares of the industrial products company's stock after buying an additional 24,799 shares during the period. Entropy Technologies LP's holdings in Tetra Tech were worth $1,257,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTEK. WCM Investment Management LLC boosted its holdings in Tetra Tech by 316.9% during the 3rd quarter. WCM Investment Management LLC now owns 1,431,099 shares of the industrial products company's stock worth $66,403,000 after acquiring an additional 1,087,819 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after buying an additional 587 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Tetra Tech by 537.0% in the third quarter. Los Angeles Capital Management LLC now owns 220,235 shares of the industrial products company's stock valued at $10,386,000 after acquiring an additional 185,659 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Tetra Tech by 400.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 95,665 shares of the industrial products company's stock worth $4,512,000 after purchasing an additional 76,532 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Tetra Tech by 505.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 20,840 shares of the industrial products company's stock valued at $982,000 after purchasing an additional 17,398 shares during the period. 93.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Tetra Tech Price Performance

TTEK stock traded down $6.39 during mid-day trading on Thursday, reaching $40.96. 9,892,195 shares of the company traded hands, compared to its average volume of 1,444,699. Tetra Tech, Inc. has a 52-week low of $30.92 and a 52-week high of $51.20. The company has a market capitalization of $10.96 billion, a P/E ratio of 37.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. The company has a fifty day moving average price of $47.82 and a 200-day moving average price of $44.55.

Insider Buying and Selling at Tetra Tech

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the completion of the transaction, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the firm's stock in a transaction dated Tuesday, September 10th. The shares were 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 owns 296,015 shares in the company, valued at $13,649,251.65. The trade was a 20.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,750 shares of company stock valued at $5,633,239 in the last three months. Company insiders own 0.61% of the company's stock.

Tetra Tech 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.