Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Entropy Technologies LP

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Allworth Financial LP raised its holdings in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC increased its position in Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 444 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Tetra Tech in the 2nd quarter worth about $28,000. Venturi Wealth Management LLC boosted its stake in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after purchasing an additional 587 shares during the period. Finally, USA Financial Formulas grew its holdings in Tetra Tech by 332.3% during the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 545 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tetra Tech

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction that occurred 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 transaction, the director now owns 143,200 shares of the company's stock, valued at $6,655,936. The trade was a 4.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven M. Burdick sold 36,830 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the sale, the chief financial officer now owns 112,620 shares of the company's stock, valued at approximately $5,244,713.40. This trade represents a 24.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,750 shares of company stock valued at $5,633,239. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TTEK. 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 report on Friday, August 2nd. Robert W. Baird upped their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday. KeyCorp lifted their target price on Tetra Tech from $49.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.68.

Tetra Tech Stock Down 13.5 %

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

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.