Tetra Tech (TTEK) Stock Rating Upgraded by ValuEngine
ValuEngine upgraded shares of Tetra Tech (NASDAQ:TTEK) from a hold rating to a buy rating in a report published on Thursday morning.
Several other equities research analysts also recently weighed in on TTEK. Boenning Scattergood reaffirmed a buy rating and set a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Robert W. Baird raised their target price on Tetra Tech from $47.00 to $52.00 and gave the company a neutral rating in a report on Friday, November 10th. Zacks Investment Research downgraded Tetra Tech from a hold rating to a sell rating in a report on Friday, November 10th. BidaskClub downgraded Tetra Tech from a strong-buy rating to a buy rating in a report on Saturday, December 9th. Finally, Canaccord Genuity reissued a buy rating and issued a $60.00 target price on shares of Tetra Tech in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $54.57.
Shares of Tetra Tech (NASDAQ:TTEK) traded down $0.05 during midday trading on Thursday, hitting $49.15. The company had a trading volume of 4,108 shares, compared to its average volume of 261,033. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.46. Tetra Tech has a 52-week low of $38.85 and a 52-week high of $53.40. The firm has a market capitalization of $2,747.86, a P/E ratio of 20.59, a PEG ratio of 1.45 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Wednesday, February 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is currently 16.74%.
In other news, SVP William R. Brownlie sold 12,713 shares of Tetra Tech stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.36, for a total transaction of $640,226.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark A. Rynning sold 660 shares of Tetra Tech stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.44, for a total value of $33,290.40. Following the transaction, the senior vice president now directly owns 3,358 shares of the company’s stock, valued at approximately $169,377.52. The disclosure for this sale can be found here. In the last three months, insiders sold 194,584 shares of company stock valued at $9,488,788. 3.40% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in TTEK. Crossmark Global Holdings Inc. acquired a new position in shares of Tetra Tech during the 3rd quarter worth $774,000. Bridge City Capital LLC raised its stake in shares of Tetra Tech by 8.7% during the 3rd quarter. Bridge City Capital LLC now owns 36,033 shares of the industrial products company’s stock worth $1,677,000 after buying an additional 2,883 shares during the last quarter. Trillium Asset Management LLC raised its stake in shares of Tetra Tech by 84.9% during the 3rd quarter. Trillium Asset Management LLC now owns 44,010 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 20,206 shares during the last quarter. Boston Partners raised its stake in shares of Tetra Tech by 2.2% during the 3rd quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock worth $48,109,000 after buying an additional 22,718 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Tetra Tech by 14.2% during the 3rd quarter. Principal Financial Group Inc. now owns 636,867 shares of the industrial products company’s stock worth $29,646,000 after buying an additional 79,198 shares during the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://www.dailypolitical.com/2018/03/05/tetra-tech-ttek-stock-rating-upgraded-by-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.