Nicola Wealth Management LTD. Acquires 40,000 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Nicola Wealth Management LTD. increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 533.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,500 shares of the industrial products company's stock after acquiring an additional 40,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Tetra Tech were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Harbor Capital Advisors Inc. raised its holdings in Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company's stock worth $1,718,000 after buying an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Tetra Tech by 615.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company's stock valued at $1,052,000 after purchasing an additional 19,193 shares during the last quarter. SFE Investment Counsel increased its holdings in Tetra Tech by 374.8% during the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company's stock worth $1,713,000 after purchasing an additional 28,679 shares in the last quarter. Nwam LLC purchased a new stake in shares of Tetra Tech in the first quarter worth approximately $1,123,000. Finally, VELA Investment Management LLC lifted its holdings in shares of Tetra Tech by 703.9% in the third quarter. VELA Investment Management LLC now owns 58,510 shares of the industrial products company's stock valued at $2,759,000 after purchasing an additional 51,232 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

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

Insider Transactions at Tetra Tech

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president now 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 sale was disclosed in a legal 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 shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now owns 143,200 shares in the company, valued at $6,655,936. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TTEK has been the subject of several analyst reports. 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 report on Thursday. KeyCorp lifted their price objective on Tetra Tech from $49.00 to $56.00 and gave the stock 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. Finally, Royal Bank of Canada upped their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an "outperform" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.68.

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.