Tetra Tech, Inc. (NASDAQ:TTEK) SVP William R. Brownlie sold 12,713 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.36, for a total value of $640,226.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Tetra Tech, Inc. (TTEK) traded up $1.00 during mid-day trading on Thursday, reaching $48.05. The company had a trading volume of 180,000 shares, compared to its average volume of 249,364. The company has a market cap of $2,627.78, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. Tetra Tech, Inc. has a 1-year low of $38.85 and a 1-year high of $53.40.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The firm had revenue of $544.85 million during the quarter, compared to the consensus estimate of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. sell-side analysts forecast that Tetra Tech, Inc. will post 2.55 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Canaccord Genuity reissued a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a report on Thursday, February 1st. Boenning Scattergood reissued a “buy” rating and issued a $54.00 price objective on shares of Tetra Tech in a report on Thursday, November 9th. Finally, Robert W. Baird increased their price objective on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $54.57.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. Teachers Advisors LLC lifted its position in Tetra Tech by 5.2% in the second quarter. Teachers Advisors LLC now owns 114,011 shares of the industrial products company’s stock worth $5,216,000 after purchasing an additional 5,685 shares during the period. Amalgamated Bank lifted its position in Tetra Tech by 2.6% in the second quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 202 shares during the period. New York State Common Retirement Fund lifted its position in Tetra Tech by 17.9% in the second quarter. New York State Common Retirement Fund now owns 185,893 shares of the industrial products company’s stock worth $8,505,000 after purchasing an additional 28,180 shares during the period. Northern Trust Corp lifted its position in Tetra Tech by 2.2% in the second quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock worth $49,203,000 after purchasing an additional 23,510 shares during the period. Finally, Vanguard Group Inc. lifted its position in Tetra Tech by 0.5% in the second quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock worth $239,585,000 after purchasing an additional 23,972 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.
About Tetra Tech
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.
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