Tetra Tech, Inc. (NASDAQ:TTEK) SVP Richard A. Lemmon sold 16,750 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $50.03, for a total value of $838,002.50. Following the completion of the sale, the senior vice president now directly owns 53,323 shares in the company, valued at $2,667,749.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) opened at $52.35 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2,848.39, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00. Tetra Tech, Inc. has a 12-month low of $38.85 and a 12-month high of $53.40.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.12. The business had revenue of $544.85 million for the quarter, compared to analysts’ expectations of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. equities research analysts anticipate that Tetra Tech, Inc. will post 2.51 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of TTEK. Millennium Management LLC boosted its position in shares of Tetra Tech by 833.1% in the 4th quarter. Millennium Management LLC now owns 236,558 shares of the industrial products company’s stock worth $11,390,000 after purchasing an additional 211,205 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Tetra Tech in the 4th quarter worth approximately $8,213,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Tetra Tech in the 4th quarter worth approximately $7,546,000. Allianz Asset Management GmbH boosted its position in shares of Tetra Tech by 35.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock worth $27,113,000 after purchasing an additional 152,695 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Tetra Tech by 76.4% in the 3rd quarter. Wells Fargo & Company MN now owns 318,483 shares of the industrial products company’s stock worth $14,825,000 after purchasing an additional 137,887 shares in the last quarter. 82.71% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on TTEK. ValuEngine raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. BidaskClub raised Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Friday, February 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $60.00 price objective on shares of Tetra Tech in a research report on Thursday, February 1st. Finally, Robert W. Baird lifted their price objective on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Tetra Tech has an average rating of “Buy” and a consensus price target of $54.57.
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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