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13 August 2017, 07:47 | Kelvin Horton
A number of analysts have recently commented on TTEK shares. The institutional investor owned 21,490 shares of the industrial products company's stock after buying an additional 2,330 shares during the period.
Other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Tetra Tech by 6.8% in the first quarter. Next quarter's EPS is expected be $0.53 with next year's EPS projected to be $2.36. RidgeWorth Capital Management LLC raised its stake in shares of Tetra Tech by 32.5% in the first quarter. KAMES CAPITAL plc boosted its position in shares of Tetra Tech by 1,862.0% in the first quarter.
Van Berkom & Associates Inc. holds 1.62% of its portfolio in Thermon Group Holdings Inc for 2.12 million shares. Municipal Employees Retirement System of MI boosted its position in shares of Tetra Technologies by 23.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company's stock valued at $952,000 after buying an additional 400 shares during the period. PA raised its stake in shares of Tetra Tech by 79.7% in the first quarter. Institutional investors own 84.96% of the company's stock. Tetra Tech has a 12-month low of $33.55 and a 12-month high of $48.35.
Managed Asset Portfolios Llc decreased its stake in Tetra Tech Inc New (TTEK) by 2.52% based on its latest 2016Q4 regulatory filing with the SEC. MCDONALD KEVIN P sold $257,008 worth of stock or 5,500 shares. Over the last five days, shares have faced -3.89% losses and now is down -5.16% since hitting its 200-day moving average of $43.58.
Tetra Technologies (NYSE:TTI) last issued its quarterly earnings results on Wednesday, August 9th. In the latest earnings report the EPS was $1.97 and is estimated to be $2.11 for the current year with 56,551,000 shares outstanding. Tetra Technologies had a negative net margin of 8.27% and a negative return on equity of 9.56%. The firm had revenue of $498.47 million during the quarter, compared to analyst estimates of $535.18 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. Analysts are forecasting earnings of $-0.01 on a per share basis this quarter.
Tetra Tech, Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares now sold short amount to at least 1.01% of shares outstanding. Shareholders of record on Thursday, August 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.96%. Announces Second Quarter 2017 Earnings Release ..." with publication date: "July 26, 2017 was also an interesting one.
Tetra Tech, Inc.is a provider of consulting, engineering, program management, construction management, and technical services.
ILLEGAL ACTIVITY WARNING: "Tetra Technologies (TTI) Earning Somewhat Favorable Media Coverage, Study Finds" was first posted by BNB Daily and is the sole property of of BNB Daily. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation. Canaccord Genuity reissued a "buy" rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Wednesday, June 7th. Zacks Investment Research raised Tetra Tech from a "hold" rating to a "buy" rating and set a $51.00 target price for the company in a research note on Tuesday, July 4th. Finally, Morgan Stanley cut their price objective on Tetra Technologies from $5.50 to $4.00 and set an "equal weight" rating for the company in a report on Wednesday, June 21st. Sidoti reissued a "buy" rating and issued a $58.00 target price (up from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Finally, Royal Bank Of Canada reaffirmed a "hold" rating and issued a $3.25 price target on shares of Tetra Technologies in a research report on Thursday, July 20th. A sell-side firm might have issued a buy report on the company. (NASDAQ:TTEK) shares were sold by CHU RONALD J. Shares for $751,542 were sold by BURDICK STEVEN M. Shares for $775,605 were sold by LEMMON RICHARD A on Tuesday, May 9. Managed Asset Portfolios Llc sold 7,125 shares as the company's stock rose 3.90% with the market. (NYSE:TTI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Rutabaga Capital Management Llc Ma owns 366,514 shares or 1.2% of their U.S. portfolio.
TETRA Technologies, Inc., launched on February 06, 1981, together with its consolidated subsidiaries, is a geographically diversified oil and gas services company. The Company's divisions include Water, Environment and Infrastructure, Resource Management and Energy (RME), and Remediation and Construction Management (RCM).
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