Shelton Capital Management Purchases New Position in Tetra Tech, Inc. (TTEK)

Shelton Capital Management purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,694 shares of the industrial products company’s stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Tetra Tech by 12,066.6% in the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after purchasing an additional 8,068,959 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Tetra Tech in the 2nd quarter valued at $1,003,000. State Street Corp increased its stake in shares of Tetra Tech by 6.8% in the 1st quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock valued at $58,339,000 after purchasing an additional 90,381 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Tetra Tech in the 2nd quarter valued at $581,000. Finally, Bank of America Corp DE increased its stake in shares of Tetra Tech by 33.1% in the 1st quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock valued at $8,936,000 after purchasing an additional 54,438 shares during the last quarter. Institutional investors own 84.77% of the company’s stock.

Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at 47.75 on Tuesday. Tetra Tech, Inc. has a 12-month low of $36.45 and a 12-month high of $48.80. The company’s 50 day moving average price is $44.81 and its 200 day moving average price is $44.45. The firm has a market cap of $2.70 billion, a P/E ratio of 24.20 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Tetra Tech, Inc. will post $2.11 EPS for the current year.

Several brokerages have recently issued reports on TTEK. 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 price target on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.86.

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Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Tetra Tech by 12,066.6% in the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock valued at $332,349,000 after purchasing an additional 8,068,959 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Tetra Tech in the 2nd quarter valued at $1,003,000. State Street Corp increased its stake in shares of Tetra Tech by 6.8% in the 1st quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock valued at $58,339,000 after purchasing an additional 90,381 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Tetra Tech in the 2nd quarter valued at $581,000. Finally, Bank of America Corp DE increased its stake in shares of Tetra Tech by 33.1% in the 1st quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock valued at $8,936,000 after purchasing an additional 54,438 shares during the last quarter. Institutional investors own 84.77% of the company’s stock.

Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at 47.75 on Tuesday. Tetra Tech, Inc. has a 12-month low of $36.45 and a 12-month high of $48.80. The company’s 50 day moving average price is $44.81 and its 200 day moving average price is $44.45. The firm has a market cap of $2.70 billion, a P/E ratio of 24.20 and a beta of 1.07.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Tetra Tech, Inc. will post $2.11 EPS for the current year.

Several brokerages have recently issued reports on TTEK. 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 price target on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a research note on Thursday, September 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.86.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/shelton-capital-management-purchases-new-position-in-tetra-tech-inc-ttek.html.

Tetra Tech 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.

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

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