Insider Selling: Tetra Tech, Inc. (TTEK) SVP Sells $633,938.36 in Stock
Tetra Tech, Inc. (NASDAQ:TTEK) SVP Brian N. Carter sold 12,694 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $49.94, for a total transaction of $633,938.36. Following the sale, the senior vice president now owns 23,737 shares of the company’s stock, valued at approximately $1,185,425.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Tetra Tech, Inc. (NASDAQ:TTEK) opened at $50.00 on Friday. The firm has a market cap of $2,790.00, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.94. Tetra Tech, Inc. has a one year low of $38.85 and a one year high of $50.90.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a net margin of 4.28% and a return on equity of 13.60%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. analysts predict that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s payout ratio is presently 19.61%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake in shares of Tetra Tech by 194.9% during the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,167 shares during the last quarter. Strs Ohio boosted its stake in shares of Tetra Tech by 45.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after buying an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $206,000. Teacher Retirement System of Texas acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $210,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $217,000. 84.53% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Robert W. Baird boosted their price target on shares of Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Boenning Scattergood reissued a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Thursday, September 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Tetra Tech has an average rating of “Hold” and a consensus target price of $52.29.
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About Tetra Tech
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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