Insider Selling: Tetra Tech, Inc. (TTEK) CEO Sells 43,317 Shares of Stock
Tetra Tech, Inc. (NASDAQ:TTEK) CEO Dan L. Batrack sold 43,317 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $48.65, for a total transaction of $2,107,372.05. Following the sale, the chief executive officer now directly owns 318,994 shares of the company’s stock, valued at $15,519,058.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Tetra Tech, Inc. (NASDAQ TTEK) traded down $0.30 during trading hours on Monday, reaching $48.05. 285,765 shares of the company’s stock were exchanged, compared to its average volume of 339,305. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2,694.19, a PE ratio of 22.70, a P/E/G ratio of 1.55 and a beta of 1.07. Tetra Tech, Inc. has a one year low of $38.85 and a one year high of $50.90.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. analysts predict that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
Several analysts have recently issued reports on TTEK shares. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Robert W. Baird reissued a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a research note on Tuesday, September 5th. Boenning Scattergood reaffirmed a “buy” rating and set a $54.00 price target on shares of Tetra Tech in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Buy” and an average price target of $52.29.
A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in Tetra Tech by 45.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,299 shares of the industrial products company’s stock valued at $1,271,000 after buying an additional 8,570 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Tetra Tech by 1.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock valued at $36,471,000 after purchasing an additional 10,692 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Tetra Tech by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 203,318 shares of the industrial products company’s stock valued at $9,464,000 after purchasing an additional 9,318 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Tetra Tech in the 3rd quarter valued at about $330,000. Finally, Premier Asset Management LLC raised its stake in shares of Tetra Tech by 1.9% in the 3rd quarter. Premier Asset Management LLC now owns 161,505 shares of the industrial products company’s stock valued at $7,518,000 after purchasing an additional 3,050 shares in the last quarter. 84.78% of the stock is owned by institutional investors.
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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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