Insider Selling: Tetra Tech, Inc. (NASDAQ:TTEK) SVP Sells 3,099 Shares of Stock
Tetra Tech, Inc. (NASDAQ:TTEK) SVP Brian N. Carter sold 3,099 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $86.00, for a total transaction of $266,514.00. Following the completion of the sale, the senior vice president now owns 6,851 shares of the company’s stock, valued at approximately $589,186. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ:TTEK opened at $86.49 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.82 billion, a P/E ratio of 27.28, a PEG ratio of 1.66 and a beta of 1.07. Tetra Tech, Inc. has a 52 week low of $48.52 and a 52 week high of $90.34. The company has a 50-day moving average price of $87.39 and a 200 day moving average price of $81.75.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, November 13th. The industrial products company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.04. The firm had revenue of $640.18 million during the quarter, compared to the consensus estimate of $636.89 million. Tetra Tech had a net margin of 5.11% and a return on equity of 17.92%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Analysts expect that Tetra Tech, Inc. will post 3.43 EPS for the current year.
A number of institutional investors have recently modified their holdings of TTEK. Parallel Advisors LLC increased its holdings in Tetra Tech by 62.0% in the third quarter. Parallel Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $29,000 after buying an additional 129 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Tetra Tech in the third quarter valued at about $33,000. Winthrop Partners WNY LLC purchased a new position in Tetra Tech in the third quarter valued at about $33,000. Tower Research Capital LLC TRC purchased a new position in Tetra Tech in the third quarter valued at about $45,000. Finally, Meeder Asset Management Inc. increased its holdings in Tetra Tech by 82.7% in the second quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock valued at $49,000 after buying an additional 283 shares in the last quarter. 84.21% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on TTEK shares. Maxim Group raised their price objective on shares of Tetra Tech from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. BidaskClub downgraded shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. ValuEngine downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Cfra downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.00.
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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