Tetra Tech, Inc. (TTEK) EVP Sells $2,119,750.00 in Stock
Tetra Tech, Inc. (NASDAQ:TTEK) EVP Ronald J. Chu sold 42,395 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the sale, the executive vice president now owns 58,624 shares in the company, valued at $2,931,200. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Tetra Tech, Inc. (NASDAQ:TTEK) traded up $0.95 during midday trading on Monday, hitting $48.50. 489,600 shares of the company were exchanged, compared to its average volume of 347,902. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. Tetra Tech, Inc. has a twelve month low of $38.45 and a twelve month high of $50.15. The company has a market cap of $2,740.00, a P/E ratio of 22.77, a P/E/G ratio of 1.56 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The business had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. analysts forecast that Tetra Tech, Inc. will post 2.31 EPS for the current year.
A number of research firms have commented on TTEK. BidaskClub downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Roth Capital set a $52.00 target price on shares of Tetra Tech and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Zacks Investment Research downgraded shares of Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $52.29.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Tetra Tech by 0.5% in the second quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock worth $239,585,000 after acquiring an additional 23,972 shares in the last quarter. State Street Corp increased its position in shares of Tetra Tech by 5.2% in the second quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock worth $68,741,000 after acquiring an additional 74,476 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Tetra Tech by 12.0% in the second quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock worth $57,470,000 after acquiring an additional 134,770 shares in the last quarter. Northern Trust Corp increased its position in shares of Tetra Tech by 2.2% in the second quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock worth $49,203,000 after acquiring an additional 23,510 shares in the last quarter. Finally, Boston Partners increased its position in shares of Tetra Tech by 2.2% in the third quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock worth $48,109,000 after acquiring an additional 22,718 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech Company Profile
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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