Tetra Tech, Inc. (NASDAQ:TTEK) Chairman Dan L. Batrack sold 32,165 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $48.70, for a total transaction of $1,566,435.50. Following the completion of the sale, the chairman now owns 286,533 shares of the company’s stock, valued at $13,954,157.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Tetra Tech, Inc. (TTEK) traded down $0.33 during mid-day trading on Thursday, reaching $48.27. 241,568 shares of the company’s stock traded hands, compared to its average volume of 340,016. The company has a market capitalization of $2,724.83, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.07. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.37. Tetra Tech, Inc. has a twelve month low of $38.85 and a twelve month high of $50.90.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $517.90 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. analysts expect that Tetra Tech, Inc. will post 2.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio (DPR) is currently 19.61%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Manchester Capital Management LLC grew its stake in Tetra Tech by 0.3% during the second quarter. Manchester Capital Management LLC now owns 17,906 shares of the industrial products company’s stock valued at $819,000 after acquiring an additional 55 shares in the last quarter. Amalgamated Bank grew its stake in Tetra Tech by 2.6% during the second quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 202 shares in the last quarter. Texas Permanent School Fund grew its stake in Tetra Tech by 0.6% in the 2nd quarter. Texas Permanent School Fund now owns 41,731 shares of the industrial products company’s stock worth $1,909,000 after buying an additional 233 shares in the last quarter. Rathbone Brothers plc grew its stake in Tetra Tech by 0.9% in the 2nd quarter. Rathbone Brothers plc now owns 32,345 shares of the industrial products company’s stock worth $1,480,000 after buying an additional 300 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in Tetra Tech by 0.6% in the 2nd quarter. Suntrust Banks Inc. now owns 86,767 shares of the industrial products company’s stock worth $3,969,000 after buying an additional 551 shares in the last quarter. 84.78% of the stock is currently owned by institutional investors.
TTEK has been the subject of a number of research reports. Boenning Scattergood restated a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a report on Thursday, September 7th. Finally, Robert W. Baird reiterated a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.29.
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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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