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

Several analysts have commented on TTEK shares. Zacks Investment Research lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Monday, March 21st. Sidoti assumed coverage on shares of Tetra Tech in a report on Tuesday, April 19th. They set a “buy” rating for the company. Oppenheimer Holdings Inc. lowered shares of Tetra Tech from an “outperform” rating to a “market perform” rating in a report on Monday, April 18th. Seaport Global Securities reiterated a “buy” rating on shares of Tetra Tech in a report on Monday, April 11th. Finally, Wedbush lowered shares of Tetra Tech from an “outperform” rating to a “neutral” rating and set a $31.00 target price for the company. in a report on Wednesday, April 20th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.80.

The firm has a 50-day moving average price of $30.39 and a 200 day moving average price of $28.38. The stock has a market capitalization of $1.84 billion and a P/E ratio of 88.03.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The business earned $478.77 million during the quarter, compared to analyst estimates of $466.48 million. During the same quarter in the previous year, the company earned $0.31 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Tetra Tech Inc. will post $1.87 earnings per share for the current year.

In related news, 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 sale, the chief executive officer now owns 245,390 shares in the company, valued at $7,577,643.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Craig L. Christensen sold 16,750 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $30.25, for a total transaction of $506,687.50. Following the sale, the senior vice president now owns 29,035 shares in the company, valued at approximately $878,308.75. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. BHF Kleinwort Benson Group S.A. raised its stake in Tetra Tech by 42.0% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 1,654,566 shares of the company’s stock valued at $43,052,000 after buying an additional 488,976 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Tetra Tech by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,512,565 shares of the company’s stock valued at $91,398,000 after buying an additional 371,884 shares in the last quarter. S&T Bank PA raised its stake in Tetra Tech by 32.8% in the fourth quarter. S&T Bank PA now owns 548,029 shares of the company’s stock valued at $14,259,000 after buying an additional 135,336 shares in the last quarter. Schroder Investment Management Group raised its stake in Tetra Tech by 33.0% in the fourth quarter. Schroder Investment Management Group now owns 405,700 shares of the company’s stock valued at $10,556,000 after buying an additional 100,700 shares in the last quarter. Finally, Wellington Shields Capital Management LLC purchased a new stake in Tetra Tech during the fourth quarter valued at approximately $1,402,000.

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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