Tetra Tech, Inc. (NASDAQ:TTEK) Stock Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 250.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,647 shares of the industrial products company's stock after buying an additional 30,468 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Tetra Tech worth $2,011,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Tetra Tech in the second quarter worth $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Tetra Tech by 561.3% during the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 174 shares during the period. Family Firm Inc. acquired a new position in shares of Tetra Tech during the second quarter valued at $51,000. Quarry LP acquired a new position in shares of Tetra Tech during the second quarter valued at $54,000. Finally, 1832 Asset Management L.P. increased its holdings in shares of Tetra Tech by 125.8% during the first quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company's stock valued at $50,000 after purchasing an additional 151 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of the stock in a transaction on Wednesday, September 11th. The stock was 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 owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tetra Tech 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 transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the firm'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 sale, the director now owns 143,200 shares of the company's stock, valued at $6,655,936. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 121,750 shares of company stock worth $5,633,239 in the last quarter. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTEK. KeyCorp raised their price target on Tetra Tech from $49.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. StockNews.com raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Tuesday, October 15th. Robert W. Baird raised their target price on Tetra Tech from $44.60 to $46.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada raised 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.48.

Tetra Tech Price Performance

TTEK stock traded down $0.91 during trading hours on Wednesday, hitting $47.35. 2,634,261 shares of the stock traded hands, compared to its average volume of 1,406,217. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a one year low of $30.92 and a one year high of $51.20. The company has a market cap of $12.67 billion, a P/E ratio of 43.76 and a beta of 0.94. The stock has a 50-day simple moving average of $47.82 and a 200 day simple moving average of $44.55.

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.