433,473 Tetra Tech, Inc. $TTEK Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,192,763 shares of the industrial products company’s stock after buying an additional 433,473 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Tetra Tech were worth $171,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TTEK. Amundi grew its holdings in Tetra Tech by 7.4% during the second quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock worth $147,264,000 after acquiring an additional 349,272 shares during the period. Dimensional Fund Advisors LP raised its position in Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after acquiring an additional 112,560 shares in the last quarter. First Trust Advisors LP lifted its holdings in Tetra Tech by 47.6% in the first quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock valued at $73,658,000 after acquiring an additional 788,491 shares during the period. Energy Income Partners LLC acquired a new stake in Tetra Tech in the second quarter valued at $68,512,000. Finally, Bank of America Corp DE acquired a new stake in Tetra Tech in the second quarter valued at $57,135,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on TTEK shares. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. National Bank Financial cut their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, KeyCorp reiterated an “overweight” rating and set a $41.00 target price (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and an average target price of $39.00.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $40.29 on Monday. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The stock has a 50-day simple moving average of $35.72 and a 200-day simple moving average of $33.21. The stock has a market capitalization of $10.32 billion, a P/E ratio of 24.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech Company Profile

Tetra Tech, Inc is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management.

The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.

Tetra Tech serves clients in the United States and internationally.