Comerica Financial institution diminished its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Ranking) by 4.0% within the third quarter, based on its most up-to-date submitting with the SEC. The institutional investor owned 25,444 shares of the economic merchandise firm’s inventory after promoting 1,065 shares through the interval. Comerica Financial institution’s holdings in Tetra Tech have been price $3,416,000 as of its most up-to-date submitting with the SEC.
Different institutional buyers additionally just lately modified their holdings of the corporate. Yousif Capital Administration LLC grew its holdings in shares of Tetra Tech by 3.9% within the second quarter. Yousif Capital Administration LLC now owns 30,201 shares of the economic merchandise firm’s inventory valued at $4,124,000 after buying a further 1,145 shares within the final quarter. Duality Advisers LP grew its holdings in shares of Tetra Tech by 46.2% within the second quarter. Duality Advisers LP now owns 8,411 shares of the economic merchandise firm’s inventory valued at $1,149,000 after buying a further 2,658 shares within the final quarter. Renaissance Applied sciences LLC purchased a brand new place in shares of Tetra Tech within the second quarter valued at roughly $36,885,000. Lazard Asset Administration LLC grew its holdings in shares of Tetra Tech by 51.3% within the second quarter. Lazard Asset Administration LLC now owns 45,481 shares of the economic merchandise firm’s inventory valued at $6,209,000 after buying a further 15,422 shares within the final quarter. Lastly, Illinois Municipal Retirement Fund bought a brand new place in Tetra Tech within the second quarter valued at roughly $495,000. 85.28% of the inventory is owned by institutional buyers.
Wall Avenue Analyst Weigh In
A number of equities analysts just lately commented on the corporate. StockNews.com upgraded Tetra Tech from a “maintain” ranking to a “purchase” ranking in a analysis be aware on Saturday, December seventeenth. Maxim Group upped their value goal on Tetra Tech from $190.00 to $200.00 in a analysis be aware on Friday, November eleventh.
Tetra Tech Buying and selling Up 2.0 %
NASDAQ:TTEK opened at $148.56 on Monday. The corporate has a market cap of $7.87 billion, a P/E ratio of 30.51 and a beta of 0.93. The inventory’s fifty day shifting common value is $149.75 and its two-hundred day shifting common value is $142.16. Tetra Tech, Inc. has a 1 12 months low of $118.55 and a 1 12 months excessive of $169.95. The corporate has a debt-to-equity ratio of 0.21, a present ratio of 1.26 and a fast ratio of 1.26.
Tetra Tech (NASDAQ:TTEK – Get Ranking) final posted its earnings outcomes on Wednesday, November ninth. The economic merchandise firm reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.09. The agency had income of $736.10 million for the quarter, in comparison with the consensus estimate of $712.86 million. Tetra Tech had a return on fairness of 20.02% and a internet margin of seven.51%. The enterprise’s quarterly income was up 11.8% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the enterprise posted $1.05 earnings per share. As a bunch, analysts count on that Tetra Tech, Inc. will publish 4.84 EPS for the present 12 months.
Tetra Tech Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which was paid on Friday, December ninth. Buyers of document on Monday, November twenty first got a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 18th. This represents a $0.92 dividend on an annualized foundation and a dividend yield of 0.62%. Tetra Tech’s dividend payout ratio (DPR) is presently 18.89%.
Insider Shopping for and Promoting
In associated information, Director Kirsten M. Volpi offered 700 shares of the inventory in a transaction on Tuesday, December sixth. The inventory was offered at a median value of $154.61, for a complete worth of $108,227.00. Following the sale, the director now owns 12,603 shares within the firm, valued at $1,948,549.83. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is accessible at this hyperlink. In associated information, SVP Roger R. Argus offered 4,115 shares of the inventory in a transaction on Wednesday, November twenty third. The inventory was offered at a median value of $153.67, for a complete worth of $632,352.05. Following the transaction, the senior vp now owns 2,081 shares of the corporate’s inventory, valued at $319,787.27. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed via this hyperlink. Additionally, Director Kirsten M. Volpi offered 700 shares of the inventory in a transaction on Tuesday, December sixth. The shares have been offered at a median value of $154.61, for a complete worth of $108,227.00. Following the completion of the transaction, the director now immediately owns 12,603 shares within the firm, valued at roughly $1,948,549.83. The disclosure for this sale will be discovered right here. Over the past quarter, insiders have offered 58,580 shares of firm inventory price $9,093,178. Company insiders personal 1.20% of the corporate’s inventory.
Tetra Tech Profile
Tetra Tech, Inc offers consulting and engineering companies worldwide. The corporate operates via two segments Authorities Companies Group (GSG) and Business/Worldwide Companies Group (CIG). The GSG phase affords early knowledge assortment and monitoring, knowledge evaluation and knowledge administration, science and engineering utilized analysis, engineering design, mission administration, and operations and upkeep companies; and local weather change and power administration consulting, in addition to greenhouse gasoline stock evaluation, certification, discount, and administration companies.
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]
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