Tetra Tech (NASDAQ:TTEK – Earn Rank) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note 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 fell 0.9 percent
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 company 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 released 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 for the quarter, compared to the consensus estimate of $712.86 million. During the same period in the prior year, the firm earned $1.05 EPS. Tetra Tech’s revenue for the quarter was up 11.8% compared to the same quarter last year. Groupwise, equities research analysts anticipate that Tetra Tech will post 4.84 EPS for the current year.
Internal movement
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 traded 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 $1,637,420.40. The transaction was disclosed in a filing with the Securities and Exchange Commission available at this link. In other news, SVP Preston Hopson III sold 3,616 shares of the firm’s stock in a transaction dated Monday, November 21st. The stock traded 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 $1,637,420.40. The sale was disclosed in a legal document on the SEC’s website. Also, CEO Dan L. Batrak sold 30,000 shares of Tetra Tech stock in a transaction dated Thursday, December 15th. The stock traded 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 $7,449,057.81. A description of this sale can be found here. Insiders sold 58,580 shares of company stock valued at $9,093,178 during the last quarter. 1.20% of the shares are owned by company insiders.
Hedge Funds Weigh On Tetra Tech
A number of large investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co bought a new stake in Tetra Tech during the second quarter valued at $25,000. Covestor Ltd raised its holdings in Tetra Tech by 90.8% in the first quarter. Covester 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 raised its holdings in Tetra Tech by 64.3% during the third quarter. Private Trust Co. Inc. 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 bought a new stake in Tetra Tech in the second quarter worth about $39,000. Finally, Clear Investment Research LLC purchased a new stake in Tetra Tech stock worth about $39,000. 85.93% of the stock is owned by hedge funds and other institutional investors.
Tetra Tech Company Profile
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Tetra Tech, Inc. provides consulting and engineering services worldwide. The company operates in two divisions, the Government Services Group (GSG) and the Commercial/International Services Group (CIG). The GSG division provides early data collection and monitoring, data analysis and data 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, mitigation and management services.
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