Tetra Tech, Inc. (NASDAQ:TTEK) EVP Leslie L. Shoemaker sold 16,750 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $51.32, for a total transaction of $859,610.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at $51.25 on Friday. Tetra Tech, Inc. has a 1-year low of $38.85 and a 1-year high of $53.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $2,848.39, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.00.
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 Zacks’ consensus estimate of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $544.85 million during the quarter, compared to analysts’ expectations of $510.22 million. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. equities research analysts anticipate that Tetra Tech, Inc. will post 2.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were issued a $0.10 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. Tetra Tech’s dividend payout ratio (DPR) is presently 16.74%.
A number of institutional investors have recently modified their holdings of TTEK. Millennium Management LLC increased its holdings in Tetra Tech by 833.1% in the fourth quarter. Millennium Management LLC now owns 236,558 shares of the industrial products company’s stock valued at $11,390,000 after buying an additional 211,205 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Tetra Tech in the fourth quarter valued at about $8,213,000. Amundi Pioneer Asset Management Inc. purchased a new position in Tetra Tech in the fourth quarter valued at about $7,546,000. Allianz Asset Management GmbH increased its holdings in Tetra Tech by 35.5% in the third quarter. Allianz Asset Management GmbH now owns 582,449 shares of the industrial products company’s stock valued at $27,113,000 after buying an additional 152,695 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Tetra Tech by 76.4% in the third quarter. Wells Fargo & Company MN now owns 318,483 shares of the industrial products company’s stock valued at $14,825,000 after buying an additional 137,887 shares in the last quarter. 87.25% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Tetra Tech from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. BidaskClub downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a research report on Thursday, February 1st. Boenning Scattergood restated a “buy” rating and issued a $65.00 price objective on shares of Tetra Tech in a research report on Thursday. Finally, ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Tetra Tech has a consensus rating of “Buy” and an average target price of $56.14.
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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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