Tetra Tech (NASDAQ:TTEK) Sets New 1-Year Low – Time to Sell?

Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week low on Monday . The company traded as low as $27.27 and last traded at $28.37, with a volume of 1123907 shares changing hands. The stock had previously closed at $29.10.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Maxim Group downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. Finally, KeyCorp dropped their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $47.92.

Tetra Tech Price Performance

The company has a market cap of $7.56 billion, a PE ratio of 29.63 and a beta of 0.89. The firm has a 50 day simple moving average of $30.81 and a 200-day simple moving average of $39.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.058 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.82%. Tetra Tech’s payout ratio is 24.21%.

Insider Activity

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total transaction of $347,282.28. Following the sale, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently made changes to their positions in the stock. Walleye Capital LLC lifted its position in Tetra Tech by 2,141.2% during the 3rd quarter. Walleye Capital LLC now owns 6,096 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 5,824 shares during the period. Captrust Financial Advisors boosted its position in Tetra Tech by 463.7% in the third quarter. Captrust Financial Advisors now owns 24,724 shares of the industrial products company’s stock valued at $1,166,000 after buying an additional 20,338 shares during the last quarter. HighTower Advisors LLC increased its holdings in Tetra Tech by 436.3% in the 3rd quarter. HighTower Advisors LLC now owns 124,407 shares of the industrial products company’s stock worth $5,883,000 after buying an additional 101,208 shares during the period. Janus Henderson Group PLC raised its position in Tetra Tech by 404.2% during the 3rd quarter. Janus Henderson Group PLC now owns 213,123 shares of the industrial products company’s stock worth $10,048,000 after buying an additional 170,856 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Tetra Tech by 344.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 19,973 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 15,475 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

About Tetra Tech

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.