J Kenneth Thompson Sells 4,200 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock
Tetra Tech, Inc. (NASDAQ:TTEK) Director J Kenneth Thompson sold 4,200 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $80.08, for a total value of $336,336.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NASDAQ:TTEK traded up $2.08 on Friday, hitting $80.24. 282,900 shares of the stock were exchanged, compared to its average volume of 429,638. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. Tetra Tech, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $86.56. The stock has a market cap of $4.27 billion, a PE ratio of 30.39, a PEG ratio of 1.64 and a beta of 1.11. The stock has a fifty day moving average of $81.12 and a 200-day moving average of $67.91.
Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. Tetra Tech had a return on equity of 17.36% and a net margin of 5.85%. The business had revenue of $623.20 million during the quarter, compared to analyst estimates of $605.42 million. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, analysts predict that Tetra Tech, Inc. will post 3.14 earnings per share for the current year.
Several equities analysts recently weighed in on the company. Maxim Group reiterated a “buy” rating and set a $87.00 target price on shares of Tetra Tech in a research report on Wednesday, April 24th. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. Roth Capital increased their target price on Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Friday, May 3rd. Finally, Boenning Scattergood restated a “buy” rating and set a $80.00 price target on shares of Tetra Tech in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $79.40.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Tetra Tech by 13.3% in the 4th quarter. Geode Capital Management LLC now owns 680,579 shares of the industrial products company’s stock worth $35,233,000 after purchasing an additional 79,944 shares during the period. Strs Ohio lifted its position in shares of Tetra Tech by 13.7% in the 1st quarter. Strs Ohio now owns 8,300 shares of the industrial products company’s stock worth $494,000 after purchasing an additional 1,000 shares during the period. Copeland Capital Management LLC purchased a new stake in shares of Tetra Tech in the 1st quarter worth about $22,608,000. Virginia Retirement Systems ET AL lifted its position in Tetra Tech by 2.0% during the 1st quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the industrial products company’s stock valued at $912,000 after acquiring an additional 300 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Tetra Tech by 383.6% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 77,526 shares of the industrial products company’s stock valued at $4,620,000 after purchasing an additional 61,495 shares in the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.
About Tetra Tech
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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