Tetra Tech, Inc. (NASDAQ:TTEK) SVP Derek G. Amidon sold 4,618 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $58.95, for a total transaction of $272,231.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NASDAQ TTEK opened at $58.66 on Thursday. Tetra Tech, Inc. has a 52-week low of $46.30 and a 52-week high of $72.56. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.26 billion, a PE ratio of 22.22, a P/E/G ratio of 1.42 and a beta of 1.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Wednesday, February 13th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Tuesday, February 12th. Tetra Tech’s dividend payout ratio is currently 18.18%.

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Norges Bank bought a new stake in shares of Tetra Tech during the 4th quarter worth $98,489,000. BlackRock Inc. lifted its holdings in shares of Tetra Tech by 3.1% during the 3rd quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock worth $574,955,000 after acquiring an additional 251,711 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Tetra Tech by 51.8% during the 3rd quarter. Morgan Stanley now owns 520,396 shares of the industrial products company’s stock worth $35,544,000 after acquiring an additional 177,506 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Tetra Tech by 42.1% during the 4th quarter. Millennium Management LLC now owns 302,340 shares of the industrial products company’s stock worth $15,652,000 after acquiring an additional 89,503 shares during the last quarter. Finally, Robecosam AG lifted its holdings in shares of Tetra Tech by 234.9% during the 4th quarter. Robecosam AG now owns 123,826 shares of the industrial products company’s stock worth $6,345,000 after acquiring an additional 86,853 shares during the last quarter. 85.05% of the stock is owned by institutional investors.

A number of research analysts have recently commented on TTEK shares. Maxim Group restated a “buy” rating and set a $87.00 price target on shares of Tetra Tech in a research report on Friday, January 11th. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Saturday, January 5th. Boenning Scattergood restated a “buy” rating and set a $80.00 price target on shares of Tetra Tech in a research report on Thursday, December 6th. ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Roth Capital reduced their price target on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Tetra Tech currently has an average rating of “Hold” 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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