Tetra Tech, Inc. (NASDAQ:TTEK) Director Sells $302,120.00 in Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director Kimberly E. Ritrievi sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at $6,655,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tetra Tech Price Performance

Tetra Tech stock opened at $46.06 on Friday. Tetra Tech, Inc. has a 52-week low of $28.67 and a 52-week high of $48.26. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $44.13 and its 200 day moving average is $41.09. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 9.32 and a beta of 0.95.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 5.72% and a return on equity of 21.50%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.25 EPS for the current fiscal year.

Tetra Tech Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is 4.66%.

Institutional Trading of Tetra Tech

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Victory Capital Management Inc. grew its holdings in Tetra Tech by 19.8% during the 4th quarter. Victory Capital Management Inc. now owns 11,342 shares of the industrial products company’s stock valued at $1,893,000 after purchasing an additional 1,878 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Tetra Tech during the fourth quarter valued at approximately $1,821,000. Charles Schwab Investment Management Inc. boosted its position in shares of Tetra Tech by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,007 shares of the industrial products company’s stock valued at $73,283,000 after buying an additional 15,169 shares during the period. Principal Securities Inc. bought a new position in shares of Tetra Tech during the fourth quarter valued at approximately $36,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of Tetra Tech by 59.0% in the fourth quarter. Quadrant Capital Group LLC now owns 539 shares of the industrial products company’s stock worth $90,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TTEK shares. StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Friday, September 6th. KeyCorp boosted their target price on shares of Tetra Tech from $46.80 to $49.40 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Maxim Group raised their target price on shares of Tetra Tech from $46.80 to $53.60 and gave the company a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada boosted their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird raised their price objective on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.16.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.