Ronald J. Chu Sells 696 Shares of Tetra Tech, Inc. (TTEK) Stock
Tetra Tech, Inc. (NASDAQ:TTEK) insider Ronald J. Chu sold 696 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $50.00, for a total value of $34,800.00. Following the transaction, the insider now owns 37,800 shares in the company, valued at $1,890,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $498.47 million for the quarter, compared to analyst estimates of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. Tetra Tech’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the business earned $0.50 earnings per share.
Several equities analysts recently issued reports on TTEK shares. Stifel Nicolaus restated a “hold” rating and set a $50.00 price target on shares of Tetra Tech in a research report on Friday, July 7th. Zacks Investment Research cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Roth Capital set a $52.00 target price on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, Canaccord Genuity restated a “buy” rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tetra Tech has a consensus rating of “Hold” and an average price target of $48.86.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Tetra Tech by 194.9% in the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after buying an additional 2,167 shares in the last quarter. Strs Ohio raised its position in shares of Tetra Tech by 45.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after buying an additional 1,400 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at approximately $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at approximately $210,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at approximately $217,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
About Tetra Tech
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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