California State Teachers Retirement System reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 11.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 101,322 shares of the industrial products company’s stock after selling 12,503 shares during the period. California State Teachers Retirement System owned 0.18% of Tetra Tech worth $4,635,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Tetra Tech by 12,066.6% in the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after purchasing an additional 8,068,959 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tetra Tech by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock valued at $239,585,000 after purchasing an additional 23,972 shares during the last quarter. State Street Corp lifted its holdings in shares of Tetra Tech by 5.2% in the 2nd quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of Tetra Tech by 12.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock valued at $57,470,000 after purchasing an additional 134,770 shares during the last quarter. Finally, KAMES CAPITAL plc lifted its holdings in shares of Tetra Tech by 6.1% in the 2nd quarter. KAMES CAPITAL plc now owns 1,113,331 shares of the industrial products company’s stock valued at $50,879,000 after purchasing an additional 64,256 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business had revenue of $498.47 million during the quarter, compared to the consensus estimate of $535.18 million. During the same period in the prior year, the business earned $0.50 EPS. The business’s revenue was up .0% on a year-over-year basis.

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In other news, insider Ronald J. Chu sold 696 shares of Tetra Tech stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total transaction of $34,800.00. Following the sale, the insider now owns 37,800 shares of the company’s stock, valued at $1,890,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronald J. Chu sold 14,112 shares of Tetra Tech 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 sale, the insider now directly owns 51,216 shares in the company, valued at approximately $2,560,800. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Several research firms have recently weighed in on TTEK. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research note on Tuesday, September 5th. BidaskClub downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $48.86.

About Tetra Tech

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.

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

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