Teachers Retirement System of The State of Kentucky Has $874,000 Stake in Tetra Tech, Inc. (TTEK)

Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,100 shares of the industrial products company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Tetra Tech were worth $874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TTEK. US Bancorp DE lifted its stake in shares of Tetra Tech by 69.9% during the first quarter. US Bancorp DE now owns 5,416 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 2,228 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of Tetra Tech by 12.8% during the first quarter. UBS Asset Management Americas Inc. now owns 67,547 shares of the industrial products company’s stock valued at $2,759,000 after acquiring an additional 7,649 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Tetra Tech by 7.5% during the first quarter. Mason Street Advisors LLC now owns 13,403 shares of the industrial products company’s stock valued at $548,000 after acquiring an additional 934 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Tetra Tech by 6.7% during the first quarter. Envestnet Asset Management Inc. now owns 11,075 shares of the industrial products company’s stock valued at $451,000 after acquiring an additional 696 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tetra Tech by 14.3% during the first quarter. JPMorgan Chase & Co. now owns 351,138 shares of the industrial products company’s stock valued at $14,343,000 after acquiring an additional 43,846 shares during the period. 84.77% of the stock is currently owned by institutional investors and hedge funds.

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Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a research note on Thursday, September 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Tetra Tech presently has an average rating of “Hold” and a consensus target price of $48.86.

Tetra Tech, Inc. (TTEK) opened at 47.90 on Friday. The firm has a 50-day moving average price of $44.48 and a 200 day moving average price of $44.33. Tetra Tech, Inc. has a 1-year low of $36.20 and a 1-year high of $48.80. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 24.28 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced its 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 company had revenue of $498.47 million for the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The firm’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 earnings per share. Equities analysts predict that Tetra Tech, Inc. will post $2.11 earnings per share for the current year.

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.

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

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