Tetra Tech, Inc. (NASDAQ:TTEK) Director Patrick C. Haden sold 8,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $80.62, for a total transaction of $644,960.00. Following the transaction, the director now owns 16,780 shares of the company’s stock, valued at approximately $1,352,803.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:TTEK traded down $0.15 on Friday, reaching $82.62. 4,698 shares of the company’s stock were exchanged, compared to its average volume of 300,526. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of 1.69 and a beta of 1.10. Tetra Tech, Inc. has a 52 week low of $48.52 and a 52 week high of $86.56. The stock has a fifty day simple moving average of $80.41 and a 200-day simple moving average of $70.16.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $623.20 million during the quarter, compared to analyst estimates of $605.42 million. Tetra Tech had a net margin of 5.85% and a return on equity of 17.36%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business earned $0.71 earnings per share. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 3.14 EPS for the current year.
A number of large investors have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its holdings in shares of Tetra Tech by 82.7% in the second quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock worth $49,000 after buying an additional 283 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Tetra Tech by 57.7% in the second quarter. Huntington National Bank now owns 749 shares of the industrial products company’s stock worth $59,000 after buying an additional 274 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Tetra Tech in the second quarter worth about $83,000. Advisory Services Network LLC lifted its holdings in shares of Tetra Tech by 2,177.1% in the second quarter. Advisory Services Network LLC now owns 1,093 shares of the industrial products company’s stock worth $86,000 after buying an additional 1,045 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Tetra Tech in the second quarter worth about $94,000. Hedge funds and other institutional investors own 86.26% of the company’s stock.
A number of equities analysts have weighed in on TTEK shares. BidaskClub upgraded shares of Tetra Tech from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Roth Capital increased their target price on shares of Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, June 6th. Finally, Maxim Group set a $92.00 target price on shares of Tetra Tech and gave the stock a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $80.40.
About Tetra Tech
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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