Insider Selling: Tetra Tech, Inc. (TTEK) Director Sells 8,000 Shares of Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director J Christopher Lewis sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $49.91, for a total transaction of $399,280.00. Following the completion of the transaction, the director now directly owns 56,389 shares of the company’s stock, valued at approximately $2,814,374.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

J Christopher Lewis also recently made the following trade(s):

  • On Wednesday, November 29th, J Christopher Lewis sold 4,401 shares of Tetra Tech stock. The stock was sold at an average price of $49.96, for a total transaction of $219,873.96.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up $0.20 during mid-day trading on Tuesday, hitting $47.95. The stock had a trading volume of 637,164 shares, compared to its average volume of 247,811. The firm has a market capitalization of $2,828.85, a P/E ratio of 20.06, a PEG ratio of 1.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.25 and a current ratio of 2.25. Tetra Tech, Inc. has a 1-year low of $38.85 and a 1-year high of $53.40.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $544.85 million for the quarter, compared to the consensus estimate of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. sell-side analysts forecast that Tetra Tech, Inc. will post 2.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, February 13th. Tetra Tech’s payout ratio is presently 16.74%.

Several hedge funds have recently modified their holdings of TTEK. Koch Industries Inc. acquired a new position in shares of Tetra Tech during the second quarter worth $506,000. Assenagon Asset Management S.A. acquired a new position in shares of Tetra Tech in the 4th quarter valued at $8,213,000. Allianz Asset Management GmbH increased its position in shares of Tetra Tech by 35.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock valued at $27,113,000 after acquiring an additional 152,695 shares during the period. Janus Henderson Group PLC increased its position in shares of Tetra Tech by 270.8% in the 2nd quarter. Janus Henderson Group PLC now owns 193,166 shares of the industrial products company’s stock valued at $8,833,000 after acquiring an additional 141,066 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Tetra Tech by 76.4% in the 3rd quarter. Wells Fargo & Company MN now owns 318,483 shares of the industrial products company’s stock valued at $14,825,000 after acquiring an additional 137,887 shares during the period. 85.01% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on TTEK shares. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded shares of Tetra Tech from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Robert W. Baird boosted their price objective 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. Finally, Boenning Scattergood reissued a “buy” rating and issued a $54.00 price objective on shares of Tetra Tech in a research note on Thursday, November 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.57.

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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.

Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

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