Amalgamated Bank Sells 10 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)
Amalgamated Bank decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 7,787 shares of the industrial products company’s stock after selling 10 shares during the period. Amalgamated Bank’s holdings in Tetra Tech were worth $318,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Legato Capital Management LLC boosted its stake in shares of Tetra Tech by 3,985.0% in the first quarter. Legato Capital Management LLC now owns 68,015 shares of the industrial products company’s stock worth $1,665,000 after buying an additional 66,350 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Tetra Tech by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock worth $952,000 after buying an additional 400 shares during the period. First National Bank of Omaha boosted its stake in shares of Tetra Tech by 30.8% in the first quarter. First National Bank of Omaha now owns 28,776 shares of the industrial products company’s stock worth $1,175,000 after buying an additional 6,775 shares during the period. Bank of Montreal Can boosted its stake in shares of Tetra Tech by 27.7% in the first quarter. Bank of Montreal Can now owns 9,502 shares of the industrial products company’s stock worth $389,000 after buying an additional 2,063 shares during the period. Finally, Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Tetra Tech during the first quarter worth $792,000. Hedge funds and other institutional investors own 84.87% of the company’s stock.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at 46.35 on Tuesday. Tetra Tech, Inc. has a 12 month low of $30.59 and a 12 month high of $47.75. The company’s 50-day moving average price is $45.75 and its 200 day moving average price is $43.01. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 24.46 and a beta of 1.02.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, May 3rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $511.95 million during the quarter, compared to analyst estimates of $491.60 million. Tetra Tech had a return on equity of 13.70% and a net margin of 4.04%. Tetra Tech’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. Analysts predict that Tetra Tech, Inc. will post $2.22 EPS for the current year.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Wednesday, June 7th. Sidoti restated a “buy” rating and set a $58.00 price objective (up from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Stifel Nicolaus restated a “hold” rating and set a $50.00 price objective on shares of Tetra Tech in a research note on Friday, July 7th. Finally, BidaskClub cut Tetra Tech from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Tetra Tech presently has an average rating of “Buy” and a consensus target price of $47.89.
In other Tetra Tech news, CFO Steven M. Burdick sold 16,750 shares of Tetra Tech stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total transaction of $751,572.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian N. Carter sold 3,396 shares of Tetra Tech stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $46.20, for a total value of $156,895.20. Following the sale, the senior vice president now directly owns 7,243 shares of the company’s stock, valued at $334,626.60. The disclosure for this sale can be found here. Insiders have sold a total of 354,464 shares of company stock valued at $16,197,699 over the last ninety days. 4.00% of the stock is owned by company insiders.
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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