Insider Selling: Tetra Tech, Inc. (NASDAQ:TTEK) EVP Sells $2,364,234.63 in Stock

Tetra Tech, Inc. (NASDAQ:TTEK) EVP Leslie L. Shoemaker sold 11,161 shares of Tetra Tech stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $211.83, for a total transaction of $2,364,234.63. Following the completion of the sale, the executive vice president now directly owns 74,887 shares in the company, valued at approximately $15,863,313.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tetra Tech Trading Down 1.4 %

NASDAQ TTEK opened at $208.63 on Monday. The firm has a market cap of $11.16 billion, a PE ratio of 42.23 and a beta of 0.98. Tetra Tech, Inc. has a 1-year low of $143.35 and a 1-year high of $221.40. The stock has a 50-day moving average of $204.24 and a 200-day moving average of $183.55. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 6.2 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 17th. This is a boost from Tetra Tech’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 0.56%. Tetra Tech’s dividend payout ratio (DPR) is presently 23.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Tetra Tech by 25.8% during the first quarter. GAMMA Investing LLC now owns 302 shares of the industrial products company’s stock valued at $56,000 after acquiring an additional 62 shares in the last quarter. AtonRa Partners boosted its stake in shares of Tetra Tech by 1.9% during the 4th quarter. AtonRa Partners now owns 3,454 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 65 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Tetra Tech by 2.5% during the fourth quarter. Arkadios Wealth Advisors now owns 3,060 shares of the industrial products company’s stock valued at $511,000 after buying an additional 74 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Tetra Tech by 3.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,468 shares of the industrial products company’s stock worth $456,000 after buying an additional 75 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Tetra Tech by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,808 shares of the industrial products company’s stock worth $2,138,000 after buying an additional 100 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTEK. Royal Bank of Canada lifted their price objective on Tetra Tech from $203.00 to $233.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Robert W. Baird lifted their price objective on shares of Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price target for the company in a report on Thursday, May 2nd. Finally, Maxim Group increased their price objective on Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.60.

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.