Tetra Tech, Inc. (TTEK) Insider Sells $705,600.00 in Stock
Tetra Tech, Inc. (NASDAQ:TTEK) insider Ronald J. Chu sold 14,112 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $50.00, for a total transaction of $705,600.00. Following the transaction, the insider now directly owns 51,216 shares of the company’s stock, valued at approximately $2,560,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up 0.50% during mid-day trading on Thursday, reaching $49.85. 215,811 shares of the company’s stock traded hands. The company’s 50-day moving average price is $46.10 and its 200-day moving average price is $44.88. Tetra Tech, Inc. has a 12-month low of $36.96 and a 12-month high of $50.00. The stock has a market capitalization of $2.82 billion, a PE ratio of 25.27 and a beta of 1.07.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Analysts anticipate that Tetra Tech, Inc. will post $2.11 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of TTEK. BlackRock Inc. lifted its holdings in shares of Tetra Tech by 12,066.6% in the 1st quarter. BlackRock Inc. now owns 8,135,829 shares of the industrial products company’s stock worth $332,349,000 after acquiring an additional 8,068,959 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $506,000. Vanguard Group Inc. lifted its holdings in shares of Tetra Tech by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,212,870 shares of the industrial products company’s stock worth $212,946,000 after acquiring an additional 302,821 shares during the last quarter. Premier Asset Management LLC acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $7,249,000. Finally, PDT Partners LLC acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $6,519,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.
A number of research analysts recently commented on TTEK shares. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, August 4th. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $48.86.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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