Tetra Tech CEO Sells $1,426,885 in Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) CEO Dan L. Batrack sold 55,413 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $25.75, for a total value of $1,426,884.75. Following the completion of the transaction, the chief executive officer now directly owns 186,070 shares in the company, valued at approximately $4,791,303. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TTEK. Analysts at Wedbush cut their price target on shares of Tetra Tech from $29.00 to $27.00 in a research note on Tuesday, August 5th. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Tetra Tech from $32.00 to $29.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Finally, analysts at Davidson cut their price target on shares of Tetra Tech from $30.00 to $27.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tetra Tech currently has a consensus rating of “Hold” and an average price target of $29.22.
Tetra Tech (NASDAQ:TTEK) traded down 0.74% during mid-day trading on Tuesday, hitting $25.65. The stock had a trading volume of 305,299 shares. Tetra Tech has a one year low of $22.67 and a one year high of $30.92. The stock’s 50-day moving average is $26.51 and its 200-day moving average is $27.69. The company has a market cap of $1.648 billion and a P/E ratio of 15.19.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. The company had revenue of $458.80 million for the quarter, compared to the consensus estimate of $494.62 million. During the same quarter in the previous year, the company posted ($1.21) earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Tetra Tech will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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