Tetra Tech (TTEK) : Rice Hall James Associates scooped up 184,701 additional shares in Tetra Tech during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 1,334,819 shares of Tetra Tech which is valued at $39,243,679.Tetra Tech makes up approximately 2.31% of Rice Hall James Associates’s portfolio.
Tetra Tech opened for trading at $29.6 and hit $30.32 on the upside on Monday, eventually ending the session at $30.3, with a gain of 3.06% or 0.9 points. The heightened volatility saw the trading volume jump to 5,36,816 shares. Company has a market cap of $1,776 M.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in TTEK by selling 2,266 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 46,977 shares of TTEK which is valued at $1,381,124. Tetra Tech makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Burt Wealth Advisors added TTEK to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $29,400. Tetra Tech makes up approx 0.03% of Burt Wealth Advisors’s portfolio. Quantitative Systematic Strategies sold out all of its stake in TTEK during the most recent quarter. The investment firm sold 11,421 shares of TTEK which is valued $348,569.Alpha Windward reduced its stake in TTEK by selling 900 shares or 5.62% in the most recent quarter. The Hedge Fund company now holds 15,120 shares of TTEK which is valued at $452,995. Tetra Tech makes up approx 0.32% of Alpha Windward’s portfolio.
On the company’s financial health, Tetra Tech reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.34. The company had revenue of $478.77 million for the quarter, compared to analysts expectations of $466.94 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on Tetra Tech. FBR Capital Downgraded Tetra Tech on Apr 29, 2016 to ” Mkt Perform”, Price Target of the shares are set at $32.Wedbush Downgraded Tetra Tech on Apr 20, 2016 to ” Neutral”, Price Target of the shares are set at $31.Sidoti Initiated Tetra Tech on Apr 19, 2016 to “Buy”, Price Target of the shares are set at $40.
Tetra Tech Inc. is a provider of consulting engineering program management construction management and technical services focusing on natural resource management infrastructure energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water natural resources environmental services infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science research and technology engineering design construction management construction operations and maintenance and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS) Technical Support Services (TSS) Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).