Tetra Tech, Inc. (NASDAQ:TTEK) SVP Craig L. Christensen sold 4,025 shares of Tetra Tech stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $52.79, for a total value of $212,479.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:TTEK traded down $0.26 during trading hours on Friday, hitting $53.26. 373,564 shares of the company’s stock traded hands, compared to its average volume of 325,721. Tetra Tech, Inc. has a 1 year low of $44.65 and a 1 year high of $72.56. The firm has a market capitalization of $2.93 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.70.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 7th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Tetra Tech had a return on equity of 15.80% and a net margin of 4.62%. The business had revenue of $563.67 million during the quarter, compared to analyst estimates of $571.33 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts expect that Tetra Tech, Inc. will post 2.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 29th. Tetra Tech’s dividend payout ratio is presently 18.18%.

Institutional investors have recently bought and sold shares of the company. Deutsche Bank AG raised its stake in shares of Tetra Tech by 10.1% during the third quarter. Deutsche Bank AG now owns 352,504 shares of the industrial products company’s stock valued at $24,074,000 after acquiring an additional 32,296 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Tetra Tech by 56.3% during the third quarter. Baird Financial Group Inc. now owns 11,260 shares of the industrial products company’s stock valued at $767,000 after acquiring an additional 4,055 shares in the last quarter. Smithfield Trust Co. raised its stake in shares of Tetra Tech by 70.1% during the third quarter. Smithfield Trust Co. now owns 2,280 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 940 shares in the last quarter. BlackRock Inc. raised its stake in shares of Tetra Tech by 3.1% during the third quarter. BlackRock Inc. now owns 8,418,074 shares of the industrial products company’s stock valued at $574,955,000 after acquiring an additional 251,711 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of Tetra Tech during the third quarter valued at approximately $1,903,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

TTEK has been the subject of several recent analyst reports. BidaskClub lowered Tetra Tech from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 20th. Maxim Group initiated coverage on Tetra Tech in a research report on Tuesday, October 23rd. They set a “buy” rating and a $87.00 target price for the company. Robert W. Baird boosted their target price on Tetra Tech from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research restated a “hold” rating on shares of Tetra Tech in a research report on Saturday, November 17th. Finally, Boenning Scattergood restated a “buy” rating and set a $80.00 target price on shares of Tetra Tech in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $70.43.

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Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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