Tetra Tech (NASDAQ:TTEK – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Separately, Maxim Group lifted their price target on shares of Tetra Tech from $190.00 to $200.00 in a research report on Friday, November 11th.
Tetra Tech Stock Down 0.9%
TTEK stock opened at $149.57 on Friday. Tetra Tech has a 52-week low of $118.55 and a 52-week high of $176.46. The company’s 50 day simple moving average is $145.60 and its 200-day simple moving average is $140.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $7.92 billion, a P/E ratio of 30.71 and a beta of 0.92.
Tetra Tech (NASDAQ:TTEK – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.09. Tetra Tech had a net margin of 7.51% and a return on equity of 20.02%. The business had revenue of $736.10 million during the quarter, compared to the consensus estimate of $712.86 million. During the same period in the previous year, the firm earned $1.05 EPS. Tetra Tech’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Tetra Tech will post 4.84 EPS for the current year.
Insider Activity
In other Tetra Tech news, SVP Preston Hopson III sold 3,616 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $157.52, for a total transaction of $569,592.32. Following the transaction, the senior vice president now directly owns 10,395 shares in the company, valued at approximately $1,637,420.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Preston Hopson III sold 3,616 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $157.52, for a total transaction of $569,592.32. Following the completion of the sale, the senior vice president now directly owns 10,395 shares of the company’s stock, valued at approximately $1,637,420.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dan L. Batrack sold 30,000 shares of Tetra Tech stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $153.63, for a total value of $4,608,900.00. Following the completion of the sale, the chief executive officer now directly owns 48,487 shares of the company’s stock, valued at approximately $7,449,057.81. The disclosure for this sale can be found here. Insiders sold 58,580 shares of company stock valued at $9,093,178 over the last quarter. 1.20% of the stock is owned by company insiders.
Hedge Funds Weigh In On Tetra Tech
A number of large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in Tetra Tech in the second quarter worth $25,000. Covestor Ltd lifted its holdings in Tetra Tech by 90.8% in the first quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 118 shares during the period. Private Trust Co. NA lifted its holdings in Tetra Tech by 64.3% in the third quarter. Private Trust Co. NA now owns 253 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Quantbot Technologies LP purchased a new stake in Tetra Tech in the second quarter worth about $39,000. Finally, Clear Investment Research LLC purchased a new stake in shares of Tetra Tech during the third quarter worth about $39,000. 85.93% of the stock is owned by hedge funds and other institutional investors.
Tetra Tech Company Profile
(Get Rating)
Tetra Tech, Inc provides consulting and engineering services worldwide. 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.
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