Stifel Financial Corp Sells 3,117 Shares of Tetra Tech, Inc. (TTEK)

Stifel Financial Corp reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 29,340 shares of the industrial products company’s stock after selling 3,117 shares during the quarter. Stifel Financial Corp’s holdings in Tetra Tech were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TTEK. Enlightenment Research LLC acquired a new position in Tetra Tech during the fourth quarter worth $31,000. Resources Investment Advisors Inc. acquired a new position in Tetra Tech during the fourth quarter worth $31,000. Quantamental Technologies LLC acquired a new position in Tetra Tech during the fourth quarter worth $44,000. Meeder Asset Management Inc. bought a new stake in shares of Tetra Tech during the fourth quarter worth $66,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Tetra Tech by 4,747.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,648 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 88.50% of the company’s stock.

TTEK has been the topic of several research analyst reports. Maxim Group restated a “buy” rating and set a $87.00 target price on shares of Tetra Tech in a report on Friday, January 11th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Saturday, January 5th. Boenning Scattergood restated a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a report on Thursday, December 6th. ValuEngine upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Roth Capital decreased their target price on Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Tetra Tech currently has a consensus rating of “Hold” and an average price target of $70.00.

In related news, SVP Derek G. Amidon sold 4,618 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $58.95, for a total value of $272,231.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert E. Smith sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $53.00, for a total value of $424,000.00. Following the completion of the transaction, the director now owns 51,158 shares in the company, valued at approximately $2,711,374. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,159 shares of company stock worth $3,192,527. 3.00% of the stock is owned by company insiders.

Shares of TTEK stock opened at $60.07 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.29 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. Tetra Tech, Inc. has a 52 week low of $46.30 and a 52 week high of $72.56.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 30th. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $553.36 million for the quarter, compared to analysts’ expectations of $558.46 million. Tetra Tech had a return on equity of 16.02% and a net margin of 4.55%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, equities analysts predict that Tetra Tech, Inc. will post 2.96 EPS for the current year.

WARNING: This report was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://sportsperspectives.com/2019/04/02/stifel-financial-corp-sells-3117-shares-of-tetra-tech-inc-ttek.html.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

Read More: Institutional Investors

Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK).

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

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.