Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report)'s share price traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $29.34 and last traded at $29.37. 324,417 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 3,325,949 shares. The stock had previously closed at $28.26.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. KeyCorp decreased their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.
Check Out Our Latest Research Report on TTEK
Tetra Tech Stock Performance
The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $35.52 and a 200 day moving average of $42.03. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 31.53 and a beta of 0.93.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.
Tetra Tech Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is 24.21%.
Insider Transactions at Tetra Tech
In other news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Tetra Tech
Several institutional investors have recently bought and sold shares of TTEK. Geode Capital Management LLC grew its holdings in Tetra Tech by 406.6% during the third quarter. Geode Capital Management LLC now owns 4,716,080 shares of the industrial products company's stock worth $222,466,000 after buying an additional 3,785,189 shares in the last quarter. Norges Bank bought a new position in Tetra Tech in the 4th quarter valued at $121,390,000. Jacobs Levy Equity Management Inc. grew its stake in Tetra Tech by 814.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company's stock valued at $90,329,000 after purchasing an additional 2,019,295 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Tetra Tech by 357.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,070,483 shares of the industrial products company's stock valued at $97,644,000 after purchasing an additional 1,618,211 shares during the period. Finally, Bain Capital Public Equity Management II LLC grew its stake in Tetra Tech by 149.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock valued at $96,012,000 after purchasing an additional 1,443,939 shares during the period. Institutional investors own 93.89% of the company's stock.
Tetra Tech Company Profile
(
Get Free Report)
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.
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