2 weeks Ago By ABMN Staff
Tetra Tech ( NASDAQ:TTEK – Get Free Report ) had its target price decreased by investment analysts at KeyCorp from $45.00 to $34.00 in a research report issued on Wednesday, Benzinga reports.
The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s target price would indicate a potential upside of 12.51% from the company’s previous close.
Several other analysts have also recently issued reports on TTEK. Maxim Group cut Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Royal Bank of Canada set a $49.
00 price objective on Tetra Tech in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.
72. Check Out Our Latest Research Report on TTEK Tetra Tech Stock Performance Tetra Tech ( NASDAQ:TTEK – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.
35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01.
Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%.
Analysts expect that Tetra Tech will post 1.37 earnings per share for the current year. Insider Buying and Selling at Tetra Tech In other news, Director Kirsten M.
Volpi sold 10,116 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68.
This represents a 14.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Insiders own 0.40% of the company’s stock. Hedge Funds Weigh In On Tetra Tech Institutional investors have recently added to or reduced their stakes in the company.
Exchange Traded Concepts LLC boosted its holdings in shares of Tetra Tech by 48.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 73,181 shares of the industrial products company’s stock valued at $2,141,000 after buying an additional 23,910 shares in the last quarter.
Relyea Zuckerberg Hanson LLC boosted its stake in Tetra Tech by 1.6% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 77,665 shares of the industrial products company’s stock worth $2,272,000 after acquiring an additional 1,205 shares in the last quarter.
Osprey Private Wealth LLC grew its holdings in Tetra Tech by 26.6% in the first quarter. Osprey Private Wealth LLC now owns 216,250 shares of the industrial products company’s stock worth $6,325,000 after purchasing an additional 45,400 shares during the period.
Fifth Third Bancorp increased its stake in shares of Tetra Tech by 9.7% during the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 475 shares in the last quarter.
Finally, Sarasin & Partners LLP purchased a new position in shares of Tetra Tech during the first quarter valued at approximately $135,386,000. Institutional investors own 93.89% of the company’s stock.
Tetra Tech Company Profile ( Get Free Report ) 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.
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