Tetra Tech, Inc. (NASDAQ:TTEK) SVP Mark A. Rynning sold 660 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.44, for a total value of $33,290.40. Following the completion of the transaction, the senior vice president now directly owns 3,358 shares of the company’s stock, valued at $169,377.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up $0.10 on Monday, hitting $50.35. The company’s stock had a trading volume of 200,311 shares, compared to its average volume of 255,029. Tetra Tech, Inc. has a twelve month low of $38.85 and a twelve month high of $53.40. The firm has a market cap of $2,810.00, a P/E ratio of 22.68, a PEG ratio of 1.46 and a beta of 1.02. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.46.
Tetra Tech (NASDAQ:TTEK) last issued its 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. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $544.85 million during the quarter, compared to the consensus estimate of $510.22 million. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. equities analysts expect that Tetra Tech, Inc. will post 2.55 EPS for the current year.
Several research analysts recently commented on the company. BidaskClub raised Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird increased their price objective on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Tetra Tech currently has an average rating of “Buy” and an average target price of $54.57.
Several institutional investors and hedge funds have recently modified their holdings of TTEK. Prime Capital Investment Advisors LLC acquired a new stake in shares of Tetra Tech in the 4th quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tetra Tech by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 1,019 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Tetra Tech in the 4th quarter worth $184,000. Global X Management Co. LLC increased its stake in shares of Tetra Tech by 75.2% in the 4th quarter. Global X Management Co. LLC now owns 3,985 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,710 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new stake in shares of Tetra Tech in the 4th quarter worth $200,000. 82.60% of the stock is owned by institutional investors and hedge funds.
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Tetra Tech Company Profile
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.
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