Tetra Tech, Inc. (NASDAQ:TTEK) SVP Brian N. Carter sold 5,000 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $40.73, for a total transaction of $203,650.00. Following the completion of the sale, the senior vice president now owns 14,148 shares in the company, valued at $576,248.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tetra Tech, Inc. (NASDAQ:TTEK) opened at 41.45 on Wednesday. Tetra Tech, Inc. has a 12 month low of $22.85 and a 12 month high of $41.55. The firm has a market capitalization of $2.36 billion, a P/E ratio of 29.19 and a beta of 1.09. The stock’s 50 day moving average price is $37.51 and its 200-day moving average price is $33.51.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 9th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $530.90 million for the quarter, compared to the consensus estimate of $524.56 million. Tetra Tech had a return on equity of 12.41% and a net margin of 3.24%. Tetra Tech’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. On average, analysts forecast that Tetra Tech, Inc. will post $2.21 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Thursday, December 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Tuesday, November 29th. Tetra Tech’s payout ratio is 100.00%.

Several analysts recently issued reports on TTEK shares. FBR & Co boosted their price objective on shares of Tetra Tech from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Friday, July 29th. Zacks Investment Research upgraded shares of Tetra Tech from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a report on Friday, October 7th. Canaccord Genuity restated a “buy” rating and issued a $37.00 price objective on shares of Tetra Tech in a report on Friday, July 29th. Finally, DA Davidson reaffirmed a “hold” rating and issued a $35.00 target price on shares of Tetra Tech in a research report on Wednesday, November 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.50.

Several institutional investors have recently made changes to their positions in TTEK. Vanguard Group Inc. boosted its position in shares of 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 7.8% in the third quarter. BlackRock Fund Advisors now owns 4,104,670 shares of the company’s stock valued at $145,593,000 after buying an additional 298,625 shares during 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 valued at $53,799,000 after buying an additional 1,277,487 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Tetra Tech by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,737,387 shares of the company’s stock valued at $61,625,000 after buying an additional 121,109 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of Tetra Tech by 4.0% in the third quarter. Rice Hall James & Associates LLC now owns 1,382,244 shares of the company’s stock valued at $49,028,000 after buying an additional 53,682 shares during the last quarter. Institutional investors own 87.79% 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.

5 Day Chart for NASDAQ:TTEK

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