The SVP, Chief Engineer of Tetra Tech (NASDAQ: TTEK) is Selling Shares

By Carrie Williams

Yesterday, the SVP, Chief Engineer of Tetra Tech (TTEKResearch Report), William Brownlie, sold shares of TTEK for $795.6K.

Following William Brownlie’s last TTEK Sell transaction on February 12, 2018, the stock climbed by 33.7%.

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Based on Tetra Tech’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $734 million and quarterly net profit of $36.4 million. In comparison, last year the company earned revenue of $723 million and had a net profit of $55.91 million. The company has a one-year high of $99.34 and a one-year low of $63.61. Currently, Tetra Tech has an average volume of 419.87K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $88.25, reflecting a -11.4% downside.

The insider sentiment on Tetra Tech has been positive according to 100 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

William Brownlie’s trades have generated a -1.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Tetra Tech, Inc. engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide. The CIG segment includes infrastructure and related environmental and geotechnical services, testing, engineering, and project management services to commercial and local government clients across Canada. The RCM segment focuses on the results of the wind-down of its non-core construction activities. The company was founded in 1966 and is headquartered in Pasadena, CA.