3 days Ago By ABMN Staff
Tetra Tech ( NASDAQ:TTEK – Get Free Report ) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday. Several other research firms have also recently issued reports on TTEK.
KeyCorp upped their price objective on Tetra Tech from $46.80 to $49.40 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.
Royal Bank of Canada increased their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a research note on Friday, August 2nd.
Finally, Robert W. Baird upped their target price on shares of Tetra Tech from $44.60 to $46.
00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.16. Get Our Latest Stock Report on Tetra Tech Tetra Tech Stock Up 0.
4 % Tetra Tech ( NASDAQ:TTEK – Get Free Report ) last announced its quarterly earnings data 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. Tetra Tech had a return on equity of 21.
50% and a net margin of 5.72%. The business had revenue of $1.
34 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business posted $0.
26 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year.
As a group, equities analysts predict that Tetra Tech will post 1.25 EPS for the current fiscal year. Insider Buying and Selling at Tetra Tech In other news, CEO Dan L.
Batrack sold 89,620 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $45.54, for a total value of $4,081,653.
28. Following the transaction, the chief executive officer now owns 124,385 shares of the company’s stock, valued at $5,664,990.44.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . In other news, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction dated Tuesday, September 10th.
The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20.
Following the completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
Also, CEO Dan L. Batrack sold 89,620 shares of Tetra Tech stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $45.
54, for a total transaction of $4,081,653.28. Following the completion of the sale, the chief executive officer now directly owns 124,385 shares of the company’s stock, valued at $5,664,990.
44. The disclosure for this sale can be found here . Insiders sold a total of 236,370 shares of company stock valued at $10,880,243 in the last ninety days.
Insiders own 0.61% of the company’s stock. Hedge Funds Weigh In On Tetra Tech Several institutional investors have recently added to or reduced their stakes in the business.
Rise Advisors LLC acquired a new position in shares of Tetra Tech in the 1st quarter valued at $27,000. Banque Cantonale Vaudoise acquired a new stake in Tetra Tech during the second quarter worth about $28,000. Jones Financial Companies Lllp purchased a new position in shares of Tetra Tech in the 4th quarter worth about $33,000.
Principal Securities Inc. purchased a new stake in shares of Tetra Tech during the 4th quarter worth about $36,000. Finally, Creekmur Asset Management LLC acquired a new position in Tetra Tech during the fourth quarter valued at approximately $38,000.
93.89% of the stock is currently owned by institutional investors and hedge funds. About Tetra Tech ( 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. Recommended Stories Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.
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