Tetra Tech Inc. (NASDAQ:TTEK) SVP Kevin P. Mcdonald sold 5,500 shares of the business’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $36.30, for a total value of $199,650.00. Following the transaction, the senior vice president now owns 19,613 shares in the company, valued at approximately $711,951.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Tetra Tech Inc. (NASDAQ:TTEK) opened at 37.35 on Wednesday. Tetra Tech Inc. has a 12 month low of $22.85 and a 12 month high of $37.90. The stock’s 50 day moving average price is $35.73 and its 200-day moving average price is $32.27. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 104.92 and a beta of 1.21.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Tetra Tech had a net margin of 0.86% and a return on equity of 12.31%. The company had revenue of $667 million for the quarter, compared to the consensus estimate of $498.79 million. During the same period in the previous year, the business earned $0.43 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Tetra Tech Inc. will post $1.88 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Aperio Group LLC increased its position in Tetra Tech by 24.0% in the first quarter. Aperio Group LLC now owns 24,384 shares of the company’s stock worth $727,000 after buying an additional 4,715 shares during the period. Ngam Advisors L.P. increased its position in Tetra Tech by 5.8% in the first quarter. Ngam Advisors L.P. now owns 37,082 shares of the company’s stock worth $1,106,000 after buying an additional 2,049 shares during the period. Prudential Financial Inc. increased its position in Tetra Tech by 4.3% in the first quarter. Prudential Financial Inc. now owns 143,140 shares of the company’s stock worth $4,268,000 after buying an additional 5,900 shares during the period. BlackRock Inc. increased its position in Tetra Tech by 8.1% in the first quarter. BlackRock Inc. now owns 26,517 shares of the company’s stock worth $791,000 after buying an additional 1,993 shares during the period. Finally, BlackRock Group LTD increased its position in Tetra Tech by 12.7% in the first quarter. BlackRock Group LTD now owns 257,621 shares of the company’s stock worth $7,682,000 after buying an additional 29,069 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on TTEK. Canaccord Genuity restated a “buy” rating and set a $37.00 price objective on shares of Tetra Tech in a research note on Friday, July 29th. Zacks Investment Research cut Tetra Tech from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. FBR & Co boosted their price objective on Tetra Tech from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Friday, July 29th. Finally, Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a research note on Friday, October 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.40.
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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