Tetra Tech, Inc. (TTEK) Insider Sells $34,800.00 in Stock
Tetra Tech, Inc. (NASDAQ:TTEK) insider Ronald J. Chu sold 696 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the transaction, the insider now directly owns 37,800 shares of the company’s stock, valued at $1,890,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Tetra Tech, Inc. (NASDAQ:TTEK) traded up 1.44% during mid-day trading on Tuesday, hitting $49.25. The stock had a trading volume of 316,387 shares. The company has a 50-day moving average of $46.60 and a 200-day moving average of $45.09. Tetra Tech, Inc. has a 12-month low of $36.96 and a 12-month high of $50.00. The firm has a market cap of $2.79 billion, a PE ratio of 24.96 and a beta of 1.07.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share. Analysts expect that Tetra Tech, Inc. will post $2.11 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Bridge City Capital LLC boosted its stake in Tetra Tech by 8.7% in the third quarter. Bridge City Capital LLC now owns 36,033 shares of the industrial products company’s stock valued at $1,677,000 after acquiring an additional 2,883 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Tetra Tech in the third quarter valued at approximately $774,000. Rathbone Brothers plc boosted its stake in Tetra Tech by 3.2% in the third quarter. Rathbone Brothers plc now owns 33,395 shares of the industrial products company’s stock valued at $1,555,000 after acquiring an additional 1,050 shares during the period. Rockefeller Financial Services Inc. boosted its stake in Tetra Tech by 11.3% in the third quarter. Rockefeller Financial Services Inc. now owns 21,495 shares of the industrial products company’s stock valued at $1,001,000 after acquiring an additional 2,177 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. boosted its stake in Tetra Tech by 30.8% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 30,572 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 7,190 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Several research firms have recently weighed in on TTEK. Zacks Investment Research raised Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a report on Thursday, September 7th. Robert W. Baird reissued a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a report on Tuesday, September 5th. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Tetra Tech in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Tetra Tech has a consensus 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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