Tetra Tech, Inc. (TTEK) Insider Ronald J. Chu Sells 696 Shares of Stock

Tetra Tech, Inc. (NASDAQ:TTEK) insider Ronald J. Chu sold 696 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $50.00, for a total transaction of $34,800.00. Following the completion of the transaction, the insider now owns 37,800 shares in the company, valued at $1,890,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tetra Tech, Inc. (NASDAQ TTEK) opened at 49.25 on Wednesday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 24.96 and a beta of 1.07. The company has a 50-day moving average of $46.75 and a 200 day moving average of $45.12. Tetra Tech, Inc. has a one year low of $36.96 and a one year high of $50.00.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, analysts anticipate that Tetra Tech, Inc. will post $2.11 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/01/tetra-tech-inc-ttek-insider-ronald-j-chu-sells-696-shares-of-stock.html.

TTEK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity restated a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a research report on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and issued a $50.00 price target on shares of Tetra Tech in a research report on Friday, July 7th. Robert W. Baird reiterated a “hold” rating and set a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. Finally, BidaskClub lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tetra Tech has an average rating of “Hold” and a consensus price target of $48.86.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Tetra Tech by 194.9% in the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 2,167 shares during the period. Strs Ohio lifted its position in shares of Tetra Tech by 45.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,400 shares during the period. Tocqueville Asset Management L.P. acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $206,000. Teacher Retirement System of Texas acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $210,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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.

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

What are top analysts saying about Tetra Tech Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tetra Tech Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit