Lapides Asset Management Lowers stake in Tetra Tech (TTEK)

Tetra Tech (TTEK) : Lapides Asset Management reduced its stake in Tetra Tech by 9.53% during the most recent quarter end. The investment management company now holds a total of 151,900 shares of Tetra Tech which is valued at $5,147,891 after selling 16,000 shares in Tetra Tech , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Tetra Tech makes up approximately 0.85% of Lapides Asset Management’s portfolio.

Other Hedge Funds, Including , State Board Of Administration Of Florida Retirement System reduced its stake in TTEK by selling 3,168 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 58,243 shares of TTEK which is valued at $1,959,877. Tetra Tech makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Smith Graham Investment Advisors Lp reduced its stake in TTEK by selling 23,540 shares or 10.82% in the most recent quarter. The Hedge Fund company now holds 194,008 shares of TTEK which is valued at $6,353,762. Tetra Tech makes up approx 0.83% of Smith Graham Investment Advisors Lp’s portfolio.Capital One National Association reduced its stake in TTEK by selling 5,659 shares or 25.85% in the most recent quarter. The Hedge Fund company now holds 16,232 shares of TTEK which is valued at $517,476. Tetra Tech makes up approx 0.04% of Capital One National Association’s portfolio.Capstone Asset Management Co boosted its stake in TTEK in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 18,143 shares of Tetra Tech which is valued at $576,585. Tetra Tech makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

Tetra Tech opened for trading at $34.17 and hit $34.37 on the upside on Monday, eventually ending the session at $34.29, with a gain of 0.85% or 0.29 points. The heightened volatility saw the trading volume jump to 3,32,799 shares. Company has a market cap of $1,969 M.

On the company’s financial health, Tetra Tech reported $0.50 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $667.00 million for the quarter, compared to analysts expectations of $498.01 million. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Tetra Tech. Company shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 36 from a previous price target of $32 .

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).

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