Insider Selling: Janis B. Salin Unloads 25,000 Shares of Tetra Tech Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Janis B. Salin sold 25,000 shares of Tetra Tech stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $28.74, for a total value of $718,500.00. Following the completion of the sale, the senior vice president now directly owns 21,869 shares of the company’s stock, valued at approximately $628,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TTEK. Analysts at Zacks reiterated a “neutral” rating on shares of Tetra Tech in a research note on Friday, February 7th. They now have a $30.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of Tetra Tech from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $36.00 price target on the stock, up previously from $32.00. Finally, analysts at Brean Capital raised their price target on shares of Tetra Tech from $32.00 to $34.00 in a research note on Thursday, January 30th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Tetra Tech has a consensus rating of “Buy” and a consensus price target of $30.45.
Shares of Tetra Tech (NASDAQ:TTEK) traded down 0.17% during mid-day trading on Friday, hitting $28.69. The stock had a trading volume of 282,448 shares. 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 $28.69 and its 200-day moving average is $26.40. The company’s market cap is $1.863 billion.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.05. The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $497.89 million. During the same quarter last year, the company posted $0.41 earnings per share. Tetra Tech’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Tetra Tech will post $1.78 earnings per share for the current fiscal year.
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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