Tetra Tech, Inc. (NASDAQ:TTEK) Director Albert E. Smith sold 8,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $53.00, for a total transaction of $424,000.00. Following the sale, the director now owns 51,158 shares of the company’s stock, valued at approximately $2,711,374. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of NASDAQ TTEK traded down $0.26 during trading on Friday, hitting $53.26. The stock had a trading volume of 373,564 shares, compared to its average volume of 325,721. Tetra Tech, Inc. has a 12 month low of $44.65 and a 12 month high of $72.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.31 and a beta of 1.07.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $563.67 million during the quarter, compared to analyst estimates of $571.33 million. Tetra Tech had a net margin of 4.62% and a return on equity of 15.80%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, research analysts anticipate that Tetra Tech, Inc. will post 2.88 EPS for the current fiscal year.
TTEK has been the subject of several recent analyst reports. BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, November 17th. Maxim Group set a $87.00 target price on shares of Tetra Tech and gave the stock a “buy” rating in a research note on Monday, November 19th. Boenning Scattergood reiterated a “buy” rating and issued a $80.00 target price on shares of Tetra Tech in a research note on Thursday, December 6th. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Saturday, January 5th. Finally, Robert W. Baird upped their target price on shares of Tetra Tech from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Tetra Tech has a consensus rating of “Buy” and a consensus target price of $70.43.
A number of institutional investors and hedge funds have recently bought and sold shares of TTEK. BlackRock Inc. grew its position in Tetra Tech by 3.1% during the third quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock valued at $574,955,000 after buying an additional 251,711 shares during the period. WINTON GROUP Ltd grew its position in Tetra Tech by 1,956.6% during the third quarter. WINTON GROUP Ltd now owns 195,641 shares of the industrial products company’s stock valued at $13,362,000 after buying an additional 186,128 shares during the period. Morgan Stanley grew its position in Tetra Tech by 51.8% during the third quarter. Morgan Stanley now owns 520,396 shares of the industrial products company’s stock valued at $35,544,000 after buying an additional 177,506 shares during the period. Macquarie Group Ltd. grew its position in Tetra Tech by 11.4% during the second quarter. Macquarie Group Ltd. now owns 915,860 shares of the industrial products company’s stock valued at $53,578,000 after buying an additional 93,785 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Tetra Tech during the third quarter valued at about $5,953,000. Institutional investors own 84.49% of the company’s stock.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.
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