Marshall Wace LLP Has $1.83 Million Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Marshall Wace LLP raised its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 107.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,927 shares of the industrial products company’s stock after purchasing an additional 23,776 shares during the period. Marshall Wace LLP’s holdings in Tetra Tech were worth $1,830,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Tetra Tech in the 4th quarter valued at about $39,000. Asset Planning Inc acquired a new position in shares of Tetra Tech in the fourth quarter valued at approximately $40,000. Jones Financial Companies Lllp increased its stake in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. lifted its holdings in Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Tetra Tech in the 4th quarter valued at $63,000. 93.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. KeyCorp dropped their target price on Tetra Tech from $45.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Maxim Group downgraded shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.72.

Tetra Tech Price Performance

TTEK stock opened at $31.21 on Monday. The company’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $37.50. The firm has a market cap of $8.37 billion, a P/E ratio of 32.78 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Insider Activity at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now directly owns 60,196 shares in the company, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

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.