Tetra Tech, Inc. (NASDAQ:TTEK) Director Patrick C. Haden sold 3,780 shares of Tetra Tech stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $58.46, for a total value of $220,978.80. Following the transaction, the director now directly owns 8,780 shares in the company, valued at approximately $513,278.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ TTEK traded down $0.59 during trading hours on Thursday, hitting $59.20. The stock had a trading volume of 224,711 shares, compared to its average volume of 427,799. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.42 and a beta of 1.10. Tetra Tech, Inc. has a 52 week low of $46.30 and a 52 week high of $72.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The business had revenue of $553.36 million during the quarter, compared to analysts’ expectations of $558.46 million. Tetra Tech had a return on equity of 16.02% and a net margin of 4.55%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. On average, analysts predict that Tetra Tech, Inc. will post 2.96 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC grew its stake in shares of Tetra Tech by 2.4% in the 4th quarter. AE Wealth Management LLC now owns 11,688 shares of the industrial products company’s stock valued at $605,000 after buying an additional 271 shares in the last quarter. Comerica Bank lifted its holdings in Tetra Tech by 0.7% in the 4th quarter. Comerica Bank now owns 54,167 shares of the industrial products company’s stock worth $2,633,000 after purchasing an additional 359 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Tetra Tech by 8.8% in the 4th quarter. CIBC Asset Management Inc now owns 4,790 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 386 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tetra Tech by 11.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,847 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 387 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Tetra Tech by 3.3% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 13,174 shares of the industrial products company’s stock worth $682,000 after purchasing an additional 426 shares during the last quarter. 83.36% of the stock is owned by institutional investors and hedge funds.
TTEK has been the topic of several research analyst reports. BidaskClub raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Maxim Group set a $87.00 target price on Tetra Tech and gave the company a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Saturday, January 5th. Boenning Scattergood reaffirmed a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a research note on Thursday, December 6th. Finally, Roth Capital lowered their target price on Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $70.00.
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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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