Shares of Tetra Tech Inc. (NASDAQ:TTEK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $31.88 and last traded at $31.83, with a volume of 92,509 shares traded. The stock had previously closed at $31.19.

A number of analysts have recently issued reports on TTEK shares. Oppenheimer Holdings Inc. downgraded shares of Tetra Tech to a “hold” rating in a report on Thursday, April 28th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 price target on shares of Tetra Tech in a research note on Thursday, July 7th. Zacks Investment Research downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Monday, March 21st. FBR & Co downgraded shares of Tetra Tech from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a research note on Friday, April 29th. Finally, Wedbush downgraded shares of Tetra Tech from an “outperform” rating to a “neutral” rating and set a $31.00 price target for the company. in a research note on Wednesday, April 20th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.80.

The stock has a market cap of $1.84 billion and a PE ratio of 87.78. The stock’s 50-day moving average price is $30.20 and its 200-day moving average price is $28.33.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. During the same period last year, the company earned $0.31 earnings per share. The firm earned $478.77 million during the quarter, compared to analysts’ expectations of $466.48 million. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts expect that Tetra Tech Inc. will post $1.87 EPS for the current fiscal year.

In related news, SVP Richard A. Lemmon sold 8,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $31.25, for a total transaction of $250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dan L. Batrack sold 50,000 shares of the firm’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $30.88, for a total transaction of $1,544,000.00. Following the transaction, the chief executive officer now directly owns 245,390 shares of the company’s stock, valued at $7,577,643.20. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of the stock. Nationwide Fund Advisors boosted its position in Tetra Tech by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 51,986 shares of the company’s stock valued at $1,353,000 after buying an additional 409 shares during the last quarter. California State Teachers Retirement System boosted its position in Tetra Tech by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 111,626 shares of the company’s stock valued at $2,905,000 after buying an additional 1,771 shares during the last quarter. Rhumbline Advisers boosted its position in Tetra Tech by 4.2% in the fourth quarter. Rhumbline Advisers now owns 106,257 shares of the company’s stock valued at $2,765,000 after buying an additional 4,315 shares during the last quarter. LSV Asset Management boosted its position in Tetra Tech by 32.7% in the fourth quarter. LSV Asset Management now owns 139,300 shares of the company’s stock valued at $3,624,000 after buying an additional 34,300 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Tetra Tech by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 406,682 shares of the company’s stock valued at $10,582,000 after buying an additional 3,341 shares during the last quarter.

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy.

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