Tetra Tech, Inc. (NASDAQ:TTEK) Director J Christopher Lewis sold 4,489 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $82.12, for a total transaction of $368,636.68. Following the transaction, the director now owns 51,519 shares in the company, valued at approximately $4,230,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TTEK stock traded up $0.99 on Friday, hitting $83.70. The stock had a trading volume of 260,864 shares, compared to its average volume of 414,832. The business has a 50 day moving average of $79.97 and a 200 day moving average of $70.96. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.73 and a quick ratio of 1.73. Tetra Tech, Inc. has a 12-month low of $48.52 and a 12-month high of $86.56.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.09. The company had revenue of $623.20 million during the quarter, compared to the consensus estimate of $605.42 million. Tetra Tech had a net margin of 5.85% and a return on equity of 17.36%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, research analysts expect that Tetra Tech, Inc. will post 3.13 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. BidaskClub upgraded shares of Tetra Tech from a “buy” rating to a “strong-buy” rating in a 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 company a “buy” rating in a report on Tuesday, August 6th. Finally, Maxim Group set a $92.00 target price on shares of Tetra Tech and gave the company a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $80.40.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hancock Whitney Corp grew its position in Tetra Tech by 169.5% during the second quarter. Hancock Whitney Corp now owns 15,181 shares of the industrial products company’s stock valued at $1,192,000 after buying an additional 9,548 shares during the period. Cresset Asset Management LLC grew its position in Tetra Tech by 200.8% during the second quarter. Cresset Asset Management LLC now owns 3,189 shares of the industrial products company’s stock valued at $251,000 after buying an additional 2,129 shares during the period. Harvest Fund Management Co. Ltd grew its position in Tetra Tech by 86.8% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,619 shares of the industrial products company’s stock valued at $206,000 after buying an additional 1,217 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in Tetra Tech during the second quarter valued at about $8,936,000. Finally, Royal Bank of Canada grew its position in Tetra Tech by 0.5% during the second quarter. Royal Bank of Canada now owns 378,124 shares of the industrial products company’s stock valued at $29,702,000 after buying an additional 1,907 shares during the period. Institutional investors own 86.40% of the company’s stock.
Tetra Tech Company Profile
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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