Insider Selling: Tetra Tech, Inc. (NASDAQ:TTEK) SVP Sells 15,089 Shares of Stock

Tetra Tech, Inc. (NASDAQ:TTEK) SVP Richard A. Lemmon sold 15,089 shares of Tetra Tech stock in a transaction on Friday, March 16th. The stock was sold at an average price of $51.09, for a total value of $770,897.01. Following the sale, the senior vice president now owns 51,785 shares in the company, valued at $2,645,695.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Richard A. Lemmon also recently made the following trade(s):

How to Become a New Pot Stock Millionaire
  • On Tuesday, March 13th, Richard A. Lemmon sold 1,661 shares of Tetra Tech stock. The stock was sold at an average price of $52.23, for a total value of $86,754.03.

NASDAQ TTEK opened at $49.15 on Monday. The stock has a market capitalization of $2,745.08, a PE ratio of 23.08, a P/E/G ratio of 1.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. Tetra Tech, Inc. has a 1-year low of $39.95 and a 1-year high of $53.40.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The firm had revenue of $544.85 million for the quarter, compared to the consensus estimate of $510.22 million. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. equities research analysts forecast that Tetra Tech, Inc. will post 2.49 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of TTEK. Elkfork Partners LLC bought a new position in shares of Tetra Tech during the 4th quarter valued at $298,000. Xact Kapitalforvaltning AB bought a new position in shares of Tetra Tech during the 4th quarter valued at $256,000. We Are One Seven LLC bought a new position in shares of Tetra Tech during the 4th quarter valued at $184,000. Segall Bryant & Hamill LLC lifted its holdings in shares of Tetra Tech by 33.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 125,356 shares of the industrial products company’s stock valued at $6,036,000 after buying an additional 31,252 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Tetra Tech during the 4th quarter valued at $1,237,000. Institutional investors own 87.27% of the company’s stock.

A number of analysts have issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $60.00 target price on shares of Tetra Tech in a research report on Thursday, February 1st. Boenning Scattergood restated a “buy” rating and set a $65.00 target price on shares of Tetra Tech in a research report on Thursday, March 15th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday, February 2nd. BidaskClub raised Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus lifted their price target on Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, April 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $57.00.

COPYRIGHT VIOLATION WARNING: This piece was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/09/tetra-tech-inc-ttek-svp-richard-a-lemmon-sells-15089-shares-of-stock.html.

Tetra Tech Company Profile

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.

Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply