Tetra Tech, Inc. (NASDAQ:TTEK) Director Patrick C. Haden sold 4,401 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.16, for a total value of $220,754.16. Following the completion of the transaction, the director now directly owns 9,680 shares in the company, valued at approximately $485,548.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tetra Tech, Inc. (TTEK) opened at $50.35 on Tuesday. 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, Inc. has a 12 month low of $38.85 and a 12 month high of $53.40. The company has a market capitalization of $2,810.00, a PE ratio of 22.68, a PEG ratio of 1.46 and a beta of 1.02.
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, beating the consensus estimate of $0.53 by $0.12. The company had revenue of $544.85 million for the quarter, compared to the consensus estimate of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. research analysts expect that Tetra Tech, Inc. will post 2.55 EPS for the current fiscal year.
TTEK has been the topic of several recent research reports. Boenning Scattergood reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Tetra Tech in a research note on Thursday, November 9th. Robert W. Baird raised their price objective on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Tetra Tech presently has a consensus rating of “Buy” and a consensus target price of $54.57.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in Tetra Tech by 5.2% during the 2nd quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares during the period. Rice Hall James & Associates LLC raised its stake in Tetra Tech by 5.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 1,272,473 shares of the industrial products company’s stock valued at $61,270,000 after purchasing an additional 66,381 shares during the period. KAMES CAPITAL plc raised its stake in Tetra Tech by 7.3% during the 4th quarter. KAMES CAPITAL plc now owns 1,209,670 shares of the industrial products company’s stock valued at $58,185,000 after purchasing an additional 82,147 shares during the period. Boston Partners raised its stake in Tetra Tech by 4.4% during the 4th quarter. Boston Partners now owns 1,079,262 shares of the industrial products company’s stock valued at $51,967,000 after purchasing an additional 45,770 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Tetra Tech by 1.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock valued at $36,471,000 after purchasing an additional 10,692 shares during the period. 82.60% of the stock is currently owned by 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.
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