Kirsten M. Volpi Sells 10,116 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now owns 60,196 shares of the company’s stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Tetra Tech Stock Down 1.1 %

TTEK stock opened at $33.40 on Friday. Tetra Tech, Inc. has a twelve month low of $31.09 and a twelve month high of $51.20. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.95 billion, a P/E ratio of 35.08 and a beta of 0.89. The business’s 50-day moving average price is $40.16 and its 200-day moving average price is $44.02.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.69%. Tetra Tech’s dividend payout ratio is presently 24.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Robert W. Baird boosted their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, KeyCorp cut their price target on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.52.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. New England Research & Management Inc. purchased a new position in Tetra Tech in the 4th quarter worth approximately $596,000. Harbor Capital Advisors Inc. lifted its holdings in Tetra Tech by 630.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after purchasing an additional 31,445 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Tetra Tech by 615.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock worth $1,052,000 after purchasing an additional 19,193 shares in the last quarter. SFE Investment Counsel lifted its holdings in Tetra Tech by 374.8% in the 3rd quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after purchasing an additional 28,679 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in shares of Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company’s stock worth $8,567,000 after acquiring an additional 18,842 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Company Profile

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.