Tetra Tech, Inc. (TTEK) SVP Sells $371,296.80 in Stock
Tetra Tech, Inc. (NASDAQ:TTEK) SVP Janis B. Salin sold 7,420 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $50.04, for a total transaction of $371,296.80. Following the sale, the senior vice president now owns 25,046 shares in the company, valued at approximately $1,253,301.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tetra Tech, Inc. (TTEK) traded down $0.15 during trading hours on Thursday, reaching $50.00. 261,113 shares of the company’s stock were exchanged, compared to its average volume of 342,401. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $2,790.00, a P/E ratio of 23.59, a P/E/G ratio of 1.61 and a beta of 1.08. Tetra Tech, Inc. has a 12 month low of $38.85 and a 12 month high of $50.90.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. Tetra Tech’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. research analysts anticipate that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC raised its stake in shares of Tetra Tech by 0.3% in the 2nd quarter. Manchester Capital Management LLC now owns 17,906 shares of the industrial products company’s stock valued at $819,000 after acquiring an additional 55 shares during the period. Amalgamated Bank raised its stake in shares of Tetra Tech by 2.6% in the 2nd quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 202 shares during the period. Texas Permanent School Fund raised its stake in shares of Tetra Tech by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 41,731 shares of the industrial products company’s stock valued at $1,909,000 after acquiring an additional 233 shares during the period. Rathbone Brothers plc raised its stake in shares of Tetra Tech by 0.9% in the 2nd quarter. Rathbone Brothers plc now owns 32,345 shares of the industrial products company’s stock valued at $1,480,000 after acquiring an additional 300 shares during the period. Finally, Suntrust Banks Inc. raised its stake in shares of Tetra Tech by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 86,767 shares of the industrial products company’s stock valued at $3,969,000 after acquiring an additional 551 shares during the period. 84.53% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on TTEK. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research note on Friday, August 4th. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. Roth Capital set a $52.00 price target on shares of Tetra Tech and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Robert W. Baird increased their price target on shares of Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.29.
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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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