Shares last traded at $48.25 which is marginally higher than $45.81, the stock’s 50 day moving average and which is just over the 200 day moving average of $44.79. The 50 day moving average went up $2.44 or +5.34% and the 200 day average was up $3.46. 244K shares changed hands in the last trading session. Volume was down 37.14% under the stocks average daily volume.
Short traders are more bullish on shares of the company recently at least if you consider the decrease in short interest. The stock saw a fall in short interest from September 15, 2017 to September 29, 2017 of -2.86%. Short interest decreased from 898,948 to 873,277 over that timeframe. Days to cover decreased from 3.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.
The following firms have recently changed their position in TTEK. Louisiana State Employees Retirement System cut its stake by selling 400 shares a decrease of 1.7% in the quarter. Louisiana State Employees Retirement System now controls 22,900 shares with a value of $1,066,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Dubuque Bank & Trust Co had bought 224 shares growing its stake by 1.5%. The value of the company’s investment in Tetra Tech, Inc. increased from $674,000 to $696,000 increasing 3.3% quarter to quarter.
Rockefeller Financial Services Inc added to its position by buying 2,177 shares an increase of 11.3% from 06/30/2017 to 09/30/2017. Rockefeller Financial Services Inc currently owns 21,495 shares worth $1,001,000. The value of the position overall is up by 13.2%. Capital One, National Association downsized its holdings by shedding 52 shares a decrease of 0.3%. Capital One, National Association now holds 16,454 shares valued at $766,000. The value of the position overall is up by 1.5%.
In the market the company is trading down from yesterday’s close of 48.5. Tetra Tech, Inc. announced a dividend for shareholders paid on Friday the 1st of September 2017. The dividend was $0.100 per share for the quarter which is $0.40 annualized. This dividend amount represented a yield of $0.82. The ex-dividend date was set for Tuesday the 15th of August 2017.
Tetra Tech, Inc. currently has a P/E ratio of 24.46 and the market value is 2.73B. As of the latest earnings report the EPS was $1.97 and is expected to be $2.11 for the current year with 56,551,000 shares outstanding. Next quarter’s EPS is estimated at $0.53 with next year’s EPS projected to be $2.36.
Tetra Tech, Inc., launched on February 4, 1988, is a provider of consulting, engineering, program management, construction management, and technical services. The Business’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services. The RME segment provides consulting and engineering services across the world for a range of resource management and energy needs. The Company includes wind-down of its non-core construction activities in the RCM segment. Its solutions span the entire life cycle of consulting and engineering projects and include applied science, research and technology, engineering, design, construction management, operations and maintenance, and information technology. It provides its services to a diverse base of international, the United States commercial, the United Sates federal clients..