Tetra Tech, Inc. (TTEK) SVP Sells $215,875.00 in Stock

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Tetra Tech, Inc. (NASDAQ:TTEK) SVP Craig L. Christensen sold 3,925 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $55.00, for a total transaction of $215,875.00. Following the completion of the sale, the senior vice president now directly owns 40,116 shares in the company, valued at $2,206,380. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Craig L. Christensen also recently made the following trade(s):

  • On Thursday, January 10th, Craig L. Christensen sold 4,025 shares of Tetra Tech stock. The shares were sold at an average price of $52.79, for a total transaction of $212,479.75.

Tetra Tech stock traded up $4.82 during trading hours on Thursday, hitting $55.19. The company had a trading volume of 1,151,751 shares, compared to its average volume of 432,768. The stock has a market cap of $2.97 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. Tetra Tech, Inc. has a one year low of $44.65 and a one year high of $72.56.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The firm had revenue of $553.36 million for the quarter, compared to analysts’ expectations of $558.46 million. Tetra Tech had a net margin of 4.62% and a return on equity of 15.80%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Equities analysts anticipate that Tetra Tech, Inc. will post 2.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, February 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. Tetra Tech’s dividend payout ratio is presently 18.18%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Tetra Tech by 3.1% during the third quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock worth $574,955,000 after purchasing an additional 251,711 shares during the period. Vanguard Group Inc. increased its holdings in shares of Tetra Tech by 1.5% during the third quarter. Vanguard Group Inc. now owns 5,584,328 shares of the industrial products company’s stock worth $381,410,000 after purchasing an additional 84,426 shares during the period. Vanguard Group Inc increased its holdings in shares of Tetra Tech by 1.5% during the third quarter. Vanguard Group Inc now owns 5,584,328 shares of the industrial products company’s stock worth $381,410,000 after purchasing an additional 84,426 shares during the period. KAMES CAPITAL plc increased its holdings in shares of Tetra Tech by 2.6% during the third quarter. KAMES CAPITAL plc now owns 1,480,699 shares of the industrial products company’s stock worth $101,132,000 after purchasing an additional 37,262 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Tetra Tech by 6.0% during the third quarter. Macquarie Group Ltd. now owns 971,031 shares of the industrial products company’s stock worth $66,322,000 after purchasing an additional 55,171 shares during the period. 83.66% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on TTEK. Maxim Group began coverage on shares of Tetra Tech in a report on Tuesday, October 23rd. They issued a “buy” rating and a $87.00 target price on the stock. Roth Capital dropped their target price on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday. BidaskClub raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. Zacks Investment Research cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Boenning Scattergood reissued a “buy” rating and issued a $80.00 price target on shares of Tetra Tech in a report on Thursday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Tetra Tech presently has an average rating of “Hold” and a consensus target price of $69.43.

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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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