Tetra Tech Inc. (TTEK) SVP Kevin P. Mcdonald Sells 5,500 Shares of Stock
Tetra Tech Inc. (NASDAQ:TTEK) SVP Kevin P. Mcdonald sold 5,500 shares of the company’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $36.30, for a total transaction of $199,650.00. Following the completion of the transaction, the senior vice president now directly owns 19,613 shares in the company, valued at approximately $711,951.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Tetra Tech Inc. (NASDAQ:TTEK) opened at 36.90 on Tuesday. Tetra Tech Inc. has a 52-week low of $22.85 and a 52-week high of $37.05. The firm’s 50-day moving average is $35.67 and its 200 day moving average is $32.22. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 103.65 and a beta of 1.21.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Tetra Tech had a net margin of 0.86% and a return on equity of 12.31%. The company had revenue of $667 million for the quarter, compared to analysts’ expectations of $498.79 million. During the same quarter in the previous year, the company earned $0.43 EPS. Tetra Tech’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Tetra Tech Inc. will post $1.88 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new position in Tetra Tech during the third quarter worth $383,000. Catawba Capital Management VA purchased a new position in Tetra Tech during the third quarter worth $391,000. Macquarie Group Ltd. boosted its position in Tetra Tech by 30.2% in the second quarter. Macquarie Group Ltd. now owns 693,598 shares of the company’s stock worth $21,325,000 after buying an additional 160,774 shares during the period. Mason Street Advisors LLC purchased a new position in Tetra Tech during the second quarter worth $348,000. Finally, Public Employees Retirement System of Ohio boosted its position in Tetra Tech by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 51,564 shares of the company’s stock worth $1,585,000 after buying an additional 150 shares during the period. Institutional investors own 89.10% of the company’s stock.
TTEK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Tuesday, October 4th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a report on Friday, October 7th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 7th. Finally, FBR & Co increased their target price on Tetra Tech from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.40.
Tetra Tech Company Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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