Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Rating of “Moderate Buy” by Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $201.00.

Several research analysts have recently weighed in on TTEK shares. Maxim Group boosted their price target on Tetra Tech from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. KeyCorp assumed coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price objective for the company. Finally, Royal Bank of Canada lifted their target price on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd.

Tetra Tech Stock Down 1.1 %

Shares of NASDAQ:TTEK opened at $192.49 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $185.52 and a two-hundred day simple moving average of $171.09. Tetra Tech has a 12-month low of $132.29 and a 12-month high of $196.48. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 44.56 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. Tetra Tech’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. On average, research analysts anticipate that Tetra Tech will post 6.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares of the company’s stock, valued at approximately $5,250,776.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Steven M. Burdick sold 7,128 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the transaction, the chief financial officer now owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven M. Burdick sold 7,515 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the transaction, the chief financial officer now owns 29,890 shares of the company’s stock, valued at $5,250,776.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,123 shares of company stock worth $5,487,673. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. Norges Bank purchased a new stake in shares of Tetra Tech in the fourth quarter worth $96,655,000. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Tetra Tech in the 4th quarter worth $82,209,000. International Assets Investment Management LLC raised its holdings in Tetra Tech by 16,621.9% during the fourth quarter. International Assets Investment Management LLC now owns 221,064 shares of the industrial products company’s stock valued at $36,902,000 after acquiring an additional 219,742 shares during the period. Sarasin & Partners LLP lifted its holdings in Tetra Tech by 18.3% in the 4th quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company’s stock worth $203,976,000 after purchasing an additional 189,049 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in Tetra Tech during the 3rd quarter valued at approximately $23,934,000. Institutional investors own 93.89% of the company’s stock.

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.