Insider Selling: Tetra Tech, Inc. (TTEK) Director Sells 4,401 Shares of Stock
Tetra Tech, Inc. (NASDAQ:TTEK) Director J Christopher Lewis sold 4,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.96, for a total value of $219,873.96. Following the completion of the transaction, the director now owns 48,389 shares in the company, valued at $2,417,514.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tetra Tech, Inc. (TTEK) traded down $0.15 during midday trading on Thursday, reaching $50.00. The company’s stock had a trading volume of 261,113 shares, compared to its average volume of 342,401. The stock has a market capitalization of $2,790.00, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $50.90.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $533.00 million for the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. analysts predict that Tetra Tech, Inc. will post 2.32 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. increased its position in shares of Tetra Tech by 194.9% during the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 2,167 shares during the period. Strs Ohio increased its position in shares of Tetra Tech by 45.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 1,400 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of Tetra Tech during the second quarter worth $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Tech during the second quarter worth $210,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Tetra Tech during the second quarter worth $217,000. 84.53% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have issued reports on the company. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Boenning Scattergood reissued an “outperform” rating on shares of Tetra Tech in a research report on Tuesday, September 5th. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $47.00 target price on shares of Tetra Tech in a research 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 assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $52.29.
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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