Rice Hall James & Associates LLC cut its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,206,092 shares of the industrial products company’s stock after selling 50,089 shares during the period. Tetra Tech makes up 2.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its largest position. Rice Hall James & Associates LLC owned about 2.13% of Tetra Tech worth $56,144,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in shares of Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,167 shares during the last quarter. Strs Ohio boosted its position in shares of Tetra Tech by 45.2% in the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Tetra Tech in the second quarter worth approximately $206,000. Teacher Retirement System of Texas acquired a new stake in shares of Tetra Tech in the second quarter worth approximately $210,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Tetra Tech in the second quarter worth approximately $217,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded down 1.02% on Wednesday, reaching $48.75. 79,299 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $46.75 and its 200-day moving average price is $45.12. Tetra Tech, Inc. has a 12 month low of $36.96 and a 12 month high of $50.00. The company has a market capitalization of $2.76 billion, a P/E ratio of 24.71 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $498.47 million during the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. On average, equities analysts anticipate that Tetra Tech, Inc. will post $2.11 EPS for the current year.

TTEK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, July 4th. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, August 4th. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $50.00 price target on shares of Tetra Tech in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tetra Tech currently has a consensus rating of “Hold” and an average target price of $48.86.

In related news, insider Ronald J. Chu sold 696 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the completion of the sale, the insider now owns 37,800 shares of the company’s stock, valued at approximately $1,890,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ronald J. Chu sold 14,112 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total value of $705,600.00. Following the completion of the sale, the insider now directly owns 51,216 shares of the company’s stock, valued at approximately $2,560,800. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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