The stock of Tetra Tech, Inc. (NASDAQ:TTEK) reached all time high today, Nov, 10 and still has $47.80 target or 24.00% above today’s $38.55 share price. This indicates more upside for the $2.27 billion company. This technical setup was reported by Barchart.com. If the $47.80 PT is reached, the company will be worth $544.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 252,661 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 31.86% since April 8, 2016 and is uptrending. It has outperformed by 26.22% the S&P500.
Tetra Tech, Inc. (NASDAQ:TTEK) Ratings Coverage
Out of 8 analysts covering TETRA Tech (NASDAQ:TTEK), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. TETRA Tech has been the topic of 11 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 29 by Oppenheimer. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Outperform” rating given on Friday, January 29 by Wedbush. The firm has “Market Perform” rating given on Friday, April 29 by FBR Capital. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. The stock has “Hold” rating given by Stifel Nicolaus on Tuesday, January 5. The rating was downgraded by Wedbush on Wednesday, April 20 to “Neutral”. The company was initiated on Tuesday, April 19 by Sidoti. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, May 31. JP Morgan upgraded Tetra Tech, Inc. (NASDAQ:TTEK) on Tuesday, November 10 to “Overweight” rating. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Buy” rating given on Monday, November 9 by Wunderlich.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.17, from 1.2 in 2016Q1. The ratio worsened, as 19 funds sold all Tetra Tech, Inc. shares owned while 76 reduced positions. 24 funds bought stakes while 74 increased positions. They now own 47.53 million shares or 8.34% less from 51.85 million shares in 2016Q1.
First National Bank & Trust Of Omaha has invested 0.06% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Manufacturers Life Insur Co The owns 38,964 shares or 0% of their US portfolio. Ridgeworth Limited Liability Corp last reported 1.09M shares in the company. Employees Retirement Systems Of Texas accumulated 0.03% or 78,500 shares. Creative Planning holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 100 shares. The California-based Blackrock Institutional Tru Comm Na has invested 0.01% in Tetra Tech, Inc. (NASDAQ:TTEK). The Nevada-based Whittier Trust Of Nevada Incorporated has invested 0.01% in Tetra Tech, Inc. (NASDAQ:TTEK). Manchester Cap Mngmt Llc last reported 0.08% of its portfolio in the stock. Tributary Management Limited Com has invested 1.2% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Investment Counselors Of Maryland Ltd Co has 1.09% invested in the company for 644,275 shares. The Massachusetts-based State Street Corporation has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). Us Savings Bank De last reported 4,196 shares in the company. Envestnet Asset Mngmt last reported 0% of its portfolio in the stock. Ftb holds 812 shares or 0% of its portfolio. Usa Financial Portformulas has 0.11% invested in the company for 12,718 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 13 selling transactions for $6.46 million net activity. SALIN JANIS B sold $536,000 worth of Tetra Tech, Inc. (NASDAQ:TTEK) on Thursday, July 21. TRULY RICHARD H had sold 8,000 shares worth $247,945. SMITH ALBERT E sold 7,000 shares worth $216,588. MCDONALD KEVIN P sold $199,650 worth of Tetra Tech, Inc. (NASDAQ:TTEK) on Friday, October 14. $262,038 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by THOMPSON J KENNETH. 16,750 shares were sold by CHRISTENSEN CRAIG L, worth $586,250 on Tuesday, August 23. The insider BURDICK STEVEN M sold $523,138.
More notable recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Businesswire.com which released: “Tetra Tech Elects Joanne M. Maguire as New Board Member and Announces Admiral …” on November 09, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: Interface, Tetra Tech and Boeing” published on August 08, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on September 21, 2016. More interesting news about Tetra Tech, Inc. (NASDAQ:TTEK) were released by: Businesswire.com and their article: “USAID Awards Tetra Tech $47 Million Contract to Strengthen Local Governments …” published on November 07, 2016 as well as Businesswire.com‘s news article titled: “Tetra Tech Expands Water Data Management Services with Acquisition of INDUS …” with publication date: March 14, 2016.
TTEK Company Profile
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.
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