Crossmark Global Holdings Inc. Has $982,000 Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Crossmark Global Holdings Inc. increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 505.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,840 shares of the industrial products company's stock after purchasing an additional 17,398 shares during the period. Crossmark Global Holdings Inc.'s holdings in Tetra Tech were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of Tetra Tech during the second quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock worth $44,000 after acquiring an additional 174 shares in the last quarter. Family Firm Inc. acquired a new stake in Tetra Tech in the second quarter valued at approximately $51,000. Quarry LP purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $54,000. Finally, 1832 Asset Management L.P. boosted its position in shares of Tetra Tech by 125.8% in the 1st quarter. 1832 Asset Management L.P. now owns 271 shares of the industrial products company's stock worth $50,000 after purchasing an additional 151 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

TTEK traded down $0.26 during trading hours on Friday, hitting $40.70. The company's stock had a trading volume of 2,268,696 shares, compared to its average volume of 1,447,719. Tetra Tech, Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $51.20. The company has a 50-day simple moving average of $47.82 and a 200 day simple moving average of $44.55. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.89 billion, a PE ratio of 32.87 and a beta of 0.94.

Insiders Place Their Bets

In other news, CFO Steven M. Burdick sold 36,830 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the transaction, the chief financial officer now owns 112,620 shares of the company's stock, valued at $5,244,713.40. This represents a 24.64 % 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 company's stock in a transaction dated 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 sale, the director now owns 143,200 shares of the company's stock, 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 company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TTEK shares. KeyCorp reduced their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating for the company in a report on Friday. StockNews.com upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. Robert W. Baird lifted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Tetra Tech in a report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.32.

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.