Tetra Tech, Inc. (TTEK) Chairman Dan L. Batrack Sells 62,417 Shares
Tetra Tech, Inc. (NASDAQ:TTEK) Chairman Dan L. Batrack sold 62,417 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $48.47, for a total value of $3,025,351.99. Following the sale, the chairman now owns 318,994 shares in the company, valued at approximately $15,461,639.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Tetra Tech, Inc. (NASDAQ TTEK) opened at $48.05 on Tuesday. Tetra Tech, Inc. has a 1-year low of $38.85 and a 1-year high of $50.90. The company has a market capitalization of $2,694.19, a PE 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 released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business had revenue of $533.00 million for the quarter, compared to the consensus estimate of $517.90 million. During the same quarter in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. sell-side analysts forecast that Tetra Tech, Inc. will post 2.32 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Tetra Tech’s payout ratio is currently 19.61%.
TTEK has been the topic of several recent research reports. Boenning Scattergood restated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Stifel Nicolaus restated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a report on Thursday, September 7th. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Robert W. Baird upped their price target on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Tetra Tech has an average rating of “Buy” and a consensus target price of $52.29.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Tetra Tech by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock valued at $239,585,000 after acquiring an additional 23,972 shares during the last quarter. State Street Corp boosted its position in shares of Tetra Tech by 5.2% in the 2nd quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares during the period. Northern Trust Corp boosted its position in shares of Tetra Tech by 2.2% in the 2nd quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock valued at $49,203,000 after purchasing an additional 23,510 shares during the period. Boston Partners boosted its position in shares of Tetra Tech by 2.2% in the 3rd quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock valued at $48,109,000 after purchasing an additional 22,718 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Tetra Tech by 1.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 783,488 shares of the industrial products company’s stock valued at $36,471,000 after purchasing an additional 10,692 shares during the period. Institutional investors and hedge funds own 84.78% of the company’s stock.
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.
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