Tetra Tech, Inc. (NASDAQ:TTEK) EVP Ronald J. Chu sold 42,395 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $50.00, for a total transaction of $2,119,750.00. Following the completion of the transaction, the executive vice president now owns 58,624 shares of the company’s stock, valued at $2,931,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) opened at $47.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. Tetra Tech, Inc. has a 12 month low of $38.85 and a 12 month high of $50.15. The company has a market cap of $2,684.70, a price-to-earnings ratio of 22.56, a PEG ratio of 1.54 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $533.00 million for the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. Tetra Tech’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. sell-side analysts anticipate that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is presently 19.61%.
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TTEK has been the topic of a number of analyst reports. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a research note on Thursday, September 7th. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a research note on Tuesday, September 5th. BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.29.
A number of hedge funds and other institutional investors have recently modified their holdings of TTEK. Teachers Advisors LLC boosted its stake in Tetra Tech by 2.5% during the first quarter. Teachers Advisors LLC now owns 108,326 shares of the industrial products company’s stock worth $4,425,000 after acquiring an additional 2,620 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Tetra Tech by 120.5% during the first quarter. Renaissance Technologies LLC now owns 242,720 shares of the industrial products company’s stock worth $9,915,000 after acquiring an additional 132,620 shares in the last quarter. Bank of America Corp DE boosted its stake in Tetra Tech by 33.1% during the first quarter. Bank of America Corp DE now owns 218,747 shares of the industrial products company’s stock worth $8,936,000 after acquiring an additional 54,438 shares in the last quarter. State Street Corp boosted its stake in Tetra Tech by 6.8% during the first quarter. State Street Corp now owns 1,428,061 shares of the industrial products company’s stock worth $58,339,000 after acquiring an additional 90,381 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Tetra Tech by 3.7% during the first quarter. AQR Capital Management LLC now owns 135,854 shares of the industrial products company’s stock worth $5,550,000 after acquiring an additional 4,807 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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