Tetra Tech, Inc. (TTEK) Director Sells $441,920.00 in Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director J Kenneth Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $55.24, for a total transaction of $441,920.00. Following the completion of the sale, the director now directly owns 28,676 shares in the company, valued at approximately $1,584,062.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tetra Tech stock opened at $56.09 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.70 and a current ratio of 1.79. The company has a market cap of $3.10 billion, a P/E ratio of 21.25, a PEG ratio of 1.35 and a beta of 1.10. Tetra Tech, Inc. has a 1-year low of $44.65 and a 1-year high of $72.56.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 30th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.08. The business had revenue of $553.36 million for the quarter, compared to analyst estimates of $558.46 million. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. Tetra Tech’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Research analysts expect that Tetra Tech, Inc. will post 2.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 13th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 18.18%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Tetra Tech by 3.1% in the 3rd quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock worth $574,955,000 after buying an additional 251,711 shares in the last quarter. WINTON GROUP Ltd grew its stake in Tetra Tech by 1,956.6% in the 3rd quarter. WINTON GROUP Ltd now owns 195,641 shares of the industrial products company’s stock worth $13,362,000 after buying an additional 186,128 shares in the last quarter. Morgan Stanley grew its stake in Tetra Tech by 51.8% in the 3rd quarter. Morgan Stanley now owns 520,396 shares of the industrial products company’s stock worth $35,544,000 after buying an additional 177,506 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Tetra Tech in the 3rd quarter worth approximately $5,953,000. Finally, Robecosam AG grew its stake in Tetra Tech by 234.9% in the 4th quarter. Robecosam AG now owns 123,826 shares of the industrial products company’s stock worth $6,345,000 after buying an additional 86,853 shares in the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.

TTEK has been the topic of several research reports. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday. Roth Capital decreased their target price on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, January 29th. Maxim Group set a $87.00 target price on shares of Tetra Tech and gave the stock a “buy” rating in a report on Thursday, November 8th. Robert W. Baird upped their target price on shares of Tetra Tech from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, November 8th. Finally, BidaskClub lowered shares of Tetra Tech from a “sell” rating to a “strong sell” rating in a report on Saturday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $70.00.

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About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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