Tetra Tech Executive Sells Over $1.7 Million in Stock in Latest SEC Filing

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Tetra Tech ($NASDAQ:TTEK) is a leading global provider of consulting, engineering, and technical services. The company specializes in delivering innovative solutions to complex problems in various industries, including water, environment, infrastructure, resource management, and energy. The timing of this sale is particularly notable as it comes just a few weeks after Tetra Tech released its third-quarter earnings report, which showed an increase in revenue and earnings per share compared to the same period last year. Insider selling can sometimes be interpreted as a lack of confidence in the company’s future performance.

However, it is worth noting that Burdick still holds a significant number of shares in Tetra Tech, and his recent sale represents only a small portion of his overall investment in the company. Tetra Tech has been performing well in recent years, with steady revenue growth and strong financials. In conclusion, while the recent insider selling by Steven M Burdick may raise some eyebrows, it is essential to consider the overall picture of Tetra Tech’s performance and market outlook. The company remains a strong player in its industry and has consistently delivered positive results for its stakeholders. Investors should continue to monitor any further insider activity while also keeping an eye on Tetra Tech’s future performance.

Price History

While it may seem concerning for an executive to sell off a significant portion of their stock holdings, it is important to note that insider selling is not necessarily an indication of negative sentiment towards the company. In fact, it is common for executives to sell stock as part of their overall financial planning and portfolio diversification. Furthermore, this sale by Ms. Shoemaker only represents a fraction of TETRA TECH‘s outstanding shares, and it does not appear to have had a significant impact on the company’s stock performance thus far.

Additionally, Ms. Shoemaker still holds a considerable amount of stock in the company, highlighting her continued confidence in TETRA TECH’s future prospects. In conclusion, while this latest SEC filing may have raised some eyebrows, it is important to view it in the context of TETRA TECH’s overall financial performance and the fact that insider selling is a common occurrence in the stock market. With strong financial results and continued confidence from its executives, TETRA TECH remains a promising company in the engineering and consulting industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tetra Tech. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tetra Tech. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tetra Tech. More…

Key Ratios Snapshot

Some of the financial key ratios for Tetra Tech are shown below. More…

Analysis

After conducting thorough analysis of TETRA TECH‘s financials, I have come to the conclusion that this company is in a strong financial position. Their Star Chart, which measures various aspects of their financial performance, shows that they excel in areas such as asset management, dividend payouts, growth, and profitability. This indicates a well-managed and successful company. In addition to their strong financial performance, TETRA TECH also has a high health score of 8/10. This score takes into account their cashflows and debt, and suggests that the company is capable of paying off any debt and funding future operations. This is a good sign for potential investors, as it shows that TETRA TECH is not heavily reliant on debt and has the resources to support its growth. Based on our analysis, we classify TETRA TECH as a ‘gorilla’ company. This means that it has established a strong competitive advantage, leading to stable and high revenue or earning growth. As a financial analyst, I believe that TETRA TECH would be of interest to a variety of investors. Those looking for stable growth and consistent dividend payouts would be drawn to the company’s strong financial performance. Investors seeking a company with a competitive advantage and potential for long-term success may also find TETRA TECH appealing. Overall, TETRA TECH’s financials paint a positive picture for potential investors. More…

Peers

The company operates in over 40 countries and has a workforce of over 20,000 employees. Tetra Tech‘s main competitors are NV5 Global Inc, Atlas Technical Consultants Inc, and PORR AG.

– NV5 Global Inc ($NASDAQ:NVEE)

NV5 Global Inc is a professional and technical consulting firm that provides a variety of services to public and private sector clients. The company offers a wide range of services including program and construction management, consulting engineering, energy efficiency, and environmental health and safety. NV5 Global has a market cap of 2.02B as of 2022 and a Return on Equity of 8.78%. The company has a long history of providing high quality services to its clients and has a strong reputation in the industry.

– Atlas Technical Consultants Inc ($NASDAQ:ATCX)

Atlas Technical Consultants Inc. is a civil engineering firm that provides consulting services for infrastructure projects. The company has a market capitalization of $256.67 million and a return on equity of -15.82%. Atlas Technical Consultants Inc. provides consulting services for transportation, water, and wastewater projects. The company was founded in 1985 and is headquartered in Los Angeles, California.

– PORR AG ($LTS:0J04)

Porr AG is a publicly traded company with a market capitalization of 406.24 million as of 2022. The company’s return on equity is 10.75%. Porr AG is a construction and engineering company that specializes in the development, construction, and operation of infrastructure projects. The company has a strong focus on transportation infrastructure, including railways, highways, and airports. Porr AG also has a significant presence in the energy sector, with a focus on renewable energy projects.

Summary

Steven M Burdick, an executive vice president at Tetra Tech, recently sold $1.72 million worth of stock in the company. This decision was revealed through a filing with the Securities and Exchange Commission on September 12. This sale could indicate that Burdick does not have confidence in the future performance of the company.

Investors should take note of this insider decision and consider it in their own analysis of Tetra Tech. While the company’s stock had a slight increase on the day of the filing, this sale may be a red flag for investors and warrant further investigation.