Insider Selling: Tetra Tech EVP Sells 27,750 Shares of Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) EVP Ronald J. Chu sold 27,750 shares of Tetra Tech stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $30.00, for a total value of $832,500.00. Following the sale, the executive vice president now directly owns 31,225 shares of the company’s stock, valued at approximately $936,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Tetra Tech (NASDAQ:TTEK) traded up 0.77% during mid-day trading on Tuesday, hitting $30.14. The stock had a trading volume of 534,052 shares. Tetra Tech has a one year low of $22.21 and a one year 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 posted its quarterly earnings results 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.
TTEK has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price 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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