Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average rating of “Moderate Buy” from the four analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $197.25.

TTEK has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp began coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price target for the company.

Tetra Tech Stock Performance

Tetra Tech stock opened at $189.29 on Thursday. The firm’s 50 day simple moving average is $183.80 and its 200 day simple moving average is $169.84. 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 firm has a market capitalization of $10.13 billion, a PE ratio of 43.82 and a beta of 0.96. Tetra Tech has a 1-year low of $132.29 and a 1-year high of $194.99.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $974.00 million. During the same quarter in the previous year, the company earned $1.34 EPS. As a group, analysts expect that Tetra Tech will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.55%. Tetra Tech’s dividend payout ratio (DPR) is 24.07%.

Insider Activity

In other Tetra Tech news, Director J Kenneth Thompson sold 3,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $1,946,981.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tetra Tech news, Director J Kenneth Thompson sold 3,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $1,946,981.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven M. Burdick sold 7,128 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the sale, the chief financial officer now directly owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,123 shares of company stock valued at $5,487,673. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTEK. Sarasin & Partners LLP increased its stake in Tetra Tech by 2.6% during the 1st quarter. Sarasin & Partners LLP now owns 1,253,981 shares of the industrial products company’s stock valued at $231,623,000 after purchasing an additional 32,053 shares in the last quarter. Invesco Ltd. increased its stake in Tetra Tech by 6.2% during the 3rd quarter. Invesco Ltd. now owns 879,638 shares of the industrial products company’s stock valued at $133,731,000 after purchasing an additional 51,139 shares in the last quarter. Norges Bank bought a new stake in Tetra Tech during the 4th quarter valued at about $96,655,000. Vontobel Holding Ltd. increased its stake in Tetra Tech by 2.8% during the 4th quarter. Vontobel Holding Ltd. now owns 533,587 shares of the industrial products company’s stock valued at $89,072,000 after purchasing an additional 14,334 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Tetra Tech by 8.8% during the 4th quarter. First Trust Advisors LP now owns 515,711 shares of the industrial products company’s stock valued at $86,088,000 after acquiring an additional 41,860 shares during the last quarter. 93.89% of the stock is currently owned by 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.