Tetra Tech, Inc. (TTEK) SVP Sells $186,347.92 in Stock

Tetra Tech, Inc. (NASDAQ:TTEK) SVP William R. Brownlie sold 4,037 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $46.16, for a total transaction of $186,347.92. Following the transaction, the senior vice president now directly owns 82,226 shares in the company, valued at $3,795,552.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

William R. Brownlie also recently made the following trade(s):

  • On Monday, February 5th, William R. Brownlie sold 12,713 shares of Tetra Tech stock. The stock was sold at an average price of $50.36, for a total transaction of $640,226.68.

Tetra Tech, Inc. (NASDAQ:TTEK) traded up $1.10 during trading on Monday, hitting $46.50. 290,682 shares of the company’s stock were exchanged, compared to its average volume of 260,496. Tetra Tech, Inc. has a 12-month low of $38.85 and a 12-month high of $53.40. The company has a market capitalization of $2,535.63, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The firm had revenue of $544.85 million for the quarter, compared to analyst estimates of $510.22 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. sell-side analysts forecast that Tetra Tech, Inc. will post 2.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is 16.74%.

Several brokerages recently issued reports on TTEK. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, February 2nd. Canaccord Genuity reissued a “buy” rating and set a $60.00 target price on shares of Tetra Tech in a research note on Thursday, February 1st. BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Robert W. Baird increased their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $54.57.

Several institutional investors have recently added to or reduced their stakes in TTEK. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tetra Tech by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,019 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,167 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Tetra Tech by 75.2% in the fourth quarter. Global X Management Co. LLC now owns 3,985 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 1,710 shares during the last quarter. CAPROCK Group Inc. purchased a new stake in shares of Tetra Tech in the fourth quarter valued at about $200,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Tetra Tech in the fourth quarter valued at about $205,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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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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