Robert W. Baird Forecasts Strong Price Appreciation for Tetra Tech (NASDAQ:TTEK) Stock

Tetra Tech (NASDAQ:TTEK - Get Free Report) had its price objective lifted by research analysts at Robert W. Baird from $46.00 to $47.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. Robert W. Baird's price target indicates a potential upside of 14.11% from the stock's current price.

TTEK has been the topic of a number of other research reports. Royal Bank of Canada increased their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. Finally, KeyCorp raised their target price on shares of Tetra Tech from $49.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and a consensus target price of $50.68.

Tetra Tech Stock Performance

Tetra Tech stock traded down $6.16 during trading hours on Thursday, hitting $41.19. The company had a trading volume of 6,672,915 shares, compared to its average volume of 1,430,139. The firm has a market cap of $11.02 billion, a PE ratio of 40.50 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. Tetra Tech has a one year low of $30.92 and a one year high of $51.20. The firm has a 50-day moving average of $47.82 and a 200 day moving average of $44.55.

Insider Activity

In other news, Director Kimberly E. Ritrievi sold 6,500 shares of the firm's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the completion of the transaction, the director now owns 143,200 shares of the company's stock, valued at approximately $6,655,936. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the transaction, the executive vice president now owns 296,015 shares of the company's stock, valued at $13,649,251.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company's stock, valued at $6,655,936. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,750 shares of company stock valued at $5,633,239. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Tetra Tech by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,168,554 shares of the industrial products company's stock worth $954,684,000 after purchasing an additional 14,701 shares during the period. Sarasin & Partners LLP grew its holdings in shares of Tetra Tech by 330.9% during the third quarter. Sarasin & Partners LLP now owns 4,950,383 shares of the industrial products company's stock valued at $233,460,000 after buying an additional 3,801,435 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Tetra Tech by 387.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,299,418 shares of the industrial products company's stock valued at $155,601,000 after buying an additional 2,622,288 shares during the last quarter. abrdn plc grew its holdings in shares of Tetra Tech by 353.0% during the third quarter. abrdn plc now owns 2,110,076 shares of the industrial products company's stock valued at $98,477,000 after buying an additional 1,644,267 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tetra Tech by 357.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after buying an additional 1,618,211 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.