Tetra Tech, Inc. (NASDAQ:TTEK) Chairman Dan L. Batrack sold 62,417 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $48.47, for a total value of $3,025,351.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded down $0.30 during mid-day trading on Monday, reaching $48.05. The company had a trading volume of 285,765 shares, compared to its average volume of 339,305. Tetra Tech, Inc. has a 52-week low of $38.85 and a 52-week high of $50.90. The firm has a market capitalization of $2,694.19, a price-to-earnings ratio of 22.70, a PEG ratio of 1.55 and a beta of 1.07. 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 (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. Tetra Tech’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. equities research analysts anticipate that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Tetra Tech’s payout ratio is 19.61%.
A number of research analysts recently weighed in on the company. Boenning Scattergood reaffirmed an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a report on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 price objective on shares of Tetra Tech in a report on Thursday, September 7th. Finally, Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $52.29.
Institutional investors and hedge funds have recently bought and sold shares of the business. Rathbone Brothers plc boosted its position in Tetra Tech by 3.2% during the third quarter. Rathbone Brothers plc now owns 33,395 shares of the industrial products company’s stock worth $1,555,000 after purchasing an additional 1,050 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Tetra Tech during the third quarter worth $774,000. Capital Fund Management S.A. purchased a new stake in Tetra Tech during the second quarter worth $581,000. Chicago Equity Partners LLC purchased a new stake in Tetra Tech during the second quarter worth $1,003,000. Finally, Koch Industries Inc. purchased a new stake in Tetra Tech during the second quarter worth $506,000. Institutional investors own 84.78% of the company’s stock.
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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