Tetra Tech, Inc. (NASDAQ:TTEK) SVP Richard A. Lemmon sold 1,661 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $52.23, for a total transaction of $86,754.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Tetra Tech stock traded down $1.05 during trading on Friday, hitting $49.15. The stock had a trading volume of 170,907 shares, compared to its average volume of 233,769. Tetra Tech, Inc. has a 12 month low of $39.95 and a 12 month high of $53.40. The stock has a market cap of $2,803.71, a P/E ratio of 21.92, a PEG ratio of 1.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.25 and a current ratio of 2.25.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $510.22 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. sell-side analysts predict that Tetra Tech, Inc. will post 2.49 earnings per share for the current year.
A number of large investors have recently made changes to their positions in TTEK. Millennium Management LLC grew its position 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 worth $11,390,000 after acquiring 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 worth $8,213,000. Amundi Pioneer Asset Management Inc. purchased a new position in Tetra Tech in the fourth quarter worth $7,546,000. Allianz Asset Management GmbH grew its position 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 worth $27,113,000 after acquiring an additional 152,695 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position 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 worth $14,825,000 after acquiring an additional 137,887 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.
A number of equities research analysts have issued reports on TTEK shares. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $60.00 price target on shares of Tetra Tech in a report on Thursday, February 1st. Stifel Nicolaus upped their price target on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, April 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $65.00 price target on shares of Tetra Tech in a report on Thursday, March 15th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Tetra Tech has a consensus rating of “Buy” and a consensus target price of $57.00.
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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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