Tetra Tech CEO Dan L. Batrack Unloads 55,413 Shares (TTEK)
Tetra Tech (NASDAQ:TTEK) CEO Dan L. Batrack sold 55,413 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.75, for a total transaction of $1,426,884.75. Following the completion of the sale, the chief executive officer now directly owns 186,070 shares of the company’s stock, valued at approximately $4,791,303. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 25.63 on Thursday. Tetra Tech has a 52-week low of $22.67 and a 52-week high of $30.92. The stock has a 50-day moving average of $26.44 and a 200-day moving average of $27.68. The company has a market cap of $1.647 billion and a price-to-earnings ratio of 15.08.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($1.21) earnings per share. Tetra Tech’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Tetra Tech will post $1.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors 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.
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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.22.
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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