Insider Selling: Craig L. Christensen Sells 20,000 Shares of Tetra Tech Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Craig L. Christensen sold 20,000 shares of the stock on the open market in a transaction dated Friday, January 17th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the senior vice president now directly owns 29,509 shares in the company, valued at approximately $885,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Tetra Tech (NASDAQ:TTEK) traded up 0.77% on Tuesday, hitting $30.14. 534,052 shares of the company’s stock traded hands. Tetra Tech has a 52-week low of $22.21 and a 52-week high of $31.49. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $25.76. The company’s market cap is $1.934 billion.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Thursday, November 14th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $531.50 million for the quarter, compared to the consensus estimate of $521.54 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that Tetra Tech will post $1.75 EPS for the current fiscal year.
A number of analysts have recently weighed in on TTEK shares. Analysts at Stephens upgraded shares of Tetra Tech from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. They now have a $36.00 price target on the stock. Separately, analysts at KeyCorp upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $33.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Tetra Tech presently has a consensus rating of “Buy” and a consensus price target of $29.27.
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.
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