Tetra Tech Inc. (TTEK) SVP Sells $199,650.00 in Stock
Tetra Tech Inc. (NASDAQ:TTEK) SVP Kevin P. Mcdonald sold 5,500 shares of the company’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 completion of the sale, the senior vice president now directly owns 19,613 shares of the company’s stock, valued at approximately $711,951.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Tetra Tech Inc. (NASDAQ:TTEK) traded up 0.57% on Monday, hitting $36.90. The company had a trading volume of 221,855 shares. Tetra Tech Inc. has a 12-month low of $22.85 and a 12-month high of $37.05. The firm’s 50 day moving average price is $35.67 and its 200 day moving average price is $32.22. The stock has a market cap of $2.12 billion, a P/E ratio of 103.65 and a beta of 1.21.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Tetra Tech had a net margin of 0.86% and a return on equity of 12.31%. The business earned $667 million during the quarter, compared to analysts’ expectations of $498.79 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Tetra Tech Inc. will post $1.88 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on TTEK. Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 target price on shares of Tetra Tech in a research report on Friday, July 29th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a research report on Friday, October 7th. Zacks Investment Research raised Tetra Tech from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, October 4th. Finally, FBR & Co upped their target price on Tetra Tech from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $34.40.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Tetra Tech by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,628,608 shares of the company’s stock valued at $142,306,000 after buying an additional 204,488 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Tetra Tech by 1.0% in the second quarter. BlackRock Fund Advisors now owns 3,806,045 shares of the company’s stock worth $117,017,000 after buying an additional 37,428 shares in the last quarter. LSV Asset Management boosted its position in shares of Tetra Tech by 270.4% in the second quarter. LSV Asset Management now owns 1,749,850 shares of the company’s stock worth $53,799,000 after buying an additional 1,277,487 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Tetra Tech by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,616,278 shares of the company’s stock worth $49,692,000 after buying an additional 53,030 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Tetra Tech by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 1,119,872 shares of the company’s stock worth $34,430,000 after buying an additional 10,126 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
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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