Richard A. Lemmon Sells 3,996 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock

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Tetra Tech, Inc. (NASDAQ:TTEK) SVP Richard A. Lemmon sold 3,996 shares of Tetra Tech stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $96.00, for a total transaction of $383,616.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tetra Tech stock opened at $98.00 on Friday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.76 and a beta of 0.98. The firm’s fifty day moving average is $89.16 and its 200 day moving average is $85.49. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. Tetra Tech, Inc. has a 52-week low of $57.25 and a 52-week high of $99.34.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. The company had revenue of $614.02 million for the quarter, compared to the consensus estimate of $615.07 million. Tetra Tech had a net margin of 5.14% and a return on equity of 18.34%. Tetra Tech’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 3.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Tuesday, February 11th. Tetra Tech’s payout ratio is 18.93%.

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Tetra Tech by 62.0% during the third quarter. Parallel Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 129 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Tetra Tech by 5.1% during the third quarter. First Citizens Bank & Trust Co. now owns 2,779 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 135 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Tetra Tech by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the industrial products company’s stock valued at $605,000 after acquiring an additional 135 shares during the last quarter. Texas Permanent School Fund increased its position in Tetra Tech by 0.4% during the fourth quarter. Texas Permanent School Fund now owns 37,339 shares of the industrial products company’s stock valued at $3,217,000 after acquiring an additional 143 shares during the last quarter. Finally, First Business Financial Services Inc. increased its position in Tetra Tech by 3.6% during the third quarter. First Business Financial Services Inc. now owns 4,212 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 147 shares during the last quarter. 83.82% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on TTEK shares. Cfra downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Maxim Group boosted their target price on shares of Tetra Tech from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, BidaskClub raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.00.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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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