December 1, 2016 - By Hazel Jackson · 0 Comments
Tetra Tech Inc (NASDAQ:TTEK) institutional sentiment increased to 1.04 in Q2 2016. Its up 0.01, from 1.03 in 2016Q1. The ratio is positive, as 98 hedge funds opened new or increased positions, while 95 sold and trimmed stakes in Tetra Tech Inc. The hedge funds in our partner’s database now have: 47.53 million shares, down from 51.85 million shares in 2016Q1. Also, the number of hedge funds holding Tetra Tech Inc in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 19 Reduced: 76 Increased: 74 New Position: 24.
Tetra Tech, Inc. is a provider of consulting, engineering, program management, construction management, and technical services. The company has a market cap of $2.46 billion. The Company’s divisions include Water, Environment and Infrastructure , Resource Management and Energy (RME), and Remediation and Construction Management (RCM). It has a 30.32 P/E ratio. The WEI segment provides consulting and engineering services.
About 381,281 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 39.85% since April 28, 2016 and is uptrending. It has outperformed by 33.92% the S&P500.
Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on January, 25. They expect $0.47 EPS, up 20.51% or $0.08 from last year’s $0.39 per share. TTEK’s profit will be $26.76 million for 22.98 P/E if the $0.47 EPS becomes a reality. After $0.59 actual EPS reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts -20.34% negative EPS growth.
According to Zacks Investment Research, “TETRA TECH, INC. provides comprehensive environmental engineering and consulting services addressing complex water contamination and other environmental problems. These services are directed to a broad base of public and private sector clients and include substantially all types of engineering and consulting services in the environmental area, such as water chemistry, geohydrology, soil science, water and wastewater treatment, hydrodynamics, geology, air quality and civil engineering.”
Intrepid Capital Management Inc holds 8.25% of its portfolio in Tetra Tech, Inc. for 677,793 shares. Springbank Value Partners Lp owns 86,068 shares or 4.46% of their US portfolio. Moreover, Value Holdings Lp has 4.35% invested in the company for 220,500 shares. The Texas-based Centaur Capital Partners L.P. has invested 4.23% in the stock. Managed Asset Portfolios Llc, a Michigan-based fund reported 282,088 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 13 selling transactions for $6.15 million net activity.
Ratings analysis reveals 44% of TETRA Tech’s analysts are positive. Out of 9 Wall Street analysts rating TETRA Tech, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $12.0 while the high is $36. The stock’s average target of $27 is -37.50% below today’s ($43.2) share price. TTEK was included in 12 notes of analysts from November 9, 2015. On Wednesday, April 20 the stock rating was downgraded by Wedbush to “Neutral”. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. JP Morgan upgraded the shares of TTEK in a report on Tuesday, November 10 to “Overweight” rating. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Friday, November 11. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Buy” rating given on Monday, November 9 by Wunderlich. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Market Perform” rating given on Friday, April 29 by FBR Capital. Wedbush maintained the shares of TTEK in a report on Friday, January 29 with “Outperform” rating. Sidoti initiated Tetra Tech, Inc. (NASDAQ:TTEK) on Tuesday, April 19 with “Buy” rating. The company was maintained on Friday, January 29 by Oppenheimer. The firm earned “Perform” rating on Monday, April 18 by Oppenheimer.
Tetra Tech, Inc., incorporated on February 4, 1988, is a well-known provider of consulting, engineering, program management, construction management, and technical services. The Company’s divisions 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. The RME segment provides consulting and engineering services across the world for a range of resource management and energy needs. The Firm includes wind-down of its non-core construction activities in the RCM segment. The Company’s solutions span the entire life cycle of consulting and engineering projects and include applied science, research and technology, engineering, design, construction management, activities and maintenance, and information technology. It provides its services to a diverse base of international, the United States commercial, the United Sates federal clients.
More news for Tetra Tech, Inc. (NASDAQ:TTEK) were recently published by: Prnewswire.com, which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on September 21, 2016. Labusinessjournal.com‘s article titled: “Tetra Tech Part of $400 Million Army Base Cleanup Contract” and published on October 24, 2016 is yet another important article.
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By Hazel Jackson