Tetra Tech, Inc. (NASDAQ:TTEK) Director Kirsten M. Volpi sold 425 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $85.99, for a total transaction of $36,545.75. Following the completion of the transaction, the director now owns 14,783 shares in the company, valued at approximately $1,271,190.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Tetra Tech stock traded down $1.70 on Thursday, hitting $86.51. The stock had a trading volume of 396,348 shares, compared to its average volume of 374,696. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. Tetra Tech, Inc. has a one year low of $48.52 and a one year high of $90.34. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.62 and a beta of 1.07. The stock’s 50-day simple moving average is $87.39 and its two-hundred day simple moving average is $81.75.
Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 13th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Tetra Tech had a net margin of 5.11% and a return on equity of 17.92%. The firm had revenue of $640.18 million for the quarter, compared to analysts’ expectations of $636.89 million. During the same quarter last year, the business earned $0.75 earnings per share. The business’s revenue was up 13.6% on a year-over-year basis. As a group, equities analysts predict that Tetra Tech, Inc. will post 3.43 EPS for the current fiscal year.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. Maxim Group raised their target price on shares of Tetra Tech from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. ValuEngine cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Cfra cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.00.
A number of large investors have recently added to or reduced their stakes in TTEK. FMR LLC raised its holdings in shares of Tetra Tech by 3,220.5% during the first quarter. FMR LLC now owns 23,210 shares of the industrial products company’s stock worth $1,383,000 after acquiring an additional 22,511 shares during the period. Commonwealth Equity Services LLC grew its position in Tetra Tech by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 7,172 shares of the industrial products company’s stock valued at $563,000 after purchasing an additional 203 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Tetra Tech in the second quarter valued at $126,000. Fisher Asset Management LLC grew its position in Tetra Tech by 122.6% in the second quarter. Fisher Asset Management LLC now owns 15,964 shares of the industrial products company’s stock valued at $1,254,000 after purchasing an additional 8,792 shares in the last quarter. Finally, KBC Group NV grew its position in Tetra Tech by 43.9% in the second quarter. KBC Group NV now owns 419,070 shares of the industrial products company’s stock valued at $32,918,000 after purchasing an additional 127,866 shares in the last quarter. Institutional investors and hedge funds own 84.21% of the company’s stock.
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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