Warning Cabot (CBT) optimists! Patrick Prevost just Sold 6,151 shares.; Tetra Tech Has 0.97 Sentiment

June 14, 2018 - By Hazel Jackson

Tetra Tech, Inc. (NASDAQ:TTEK) Logo

Sentiment for Tetra Tech Inc (TTEK)

Tetra Tech Inc (TTEK) investors sentiment increased to 0.97 in 2018 Q1. It’s up 0.11, from 0.86 in 2017Q4. The ratio increased, as 108 institutional investors increased or started new equity positions, while 111 cut down and sold holdings in Tetra Tech Inc. The institutional investors in our database now possess: 44.69 million shares, down from 46.13 million shares in 2017Q4. Also, the number of institutional investors holding Tetra Tech Inc in top ten equity positions was flat from 3 to 3 for the same number . Sold All: 25 Reduced: 86 Increased: 77 New Position: 31.

Analysts await Cabot Corporation (NYSE:CBT) to report earnings on August, 7. They expect $1.04 earnings per share, up 28.40% or $0.23 from last year’s $0.81 per share. CBT’s profit will be $64.30 million for 15.48 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Cabot Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

An insider of the company Cabot Corp, Patrick Prevost also its director, disclosed his trade activities with the U.S. Security & Exchange Commission on June 14, 2018. As disclosed in the document, Patrick had unloaded 6,151 shares of the firm. The total insider transaction was worth $394,218 U.S. Dollars. At the time of the transaction the price of a share was $64.1. It seems he is very active lately as in the last month, he quietly sold additional 278,944 shares of the company, worth $17,165,130 USD. Being a significant transaction, it will very likely not go a secret. Patrick Prevost right now has rights to 0.45% of the Company’s total market cap with ownership of 276,894 shares. 

The stock increased 0.75% or $0.48 during the last trading session, reaching $64.39. About 304,490 shares traded. Cabot Corporation (NYSE:CBT) has risen 11.28% since June 14, 2017 and is uptrending. It has underperformed by 1.29% the S&P500. Some Historical CBT News: ; 17/04/2018 – MIDWEST ENERGY EMISSIONS CORP – ENTERED INTO A MULTI-YEAR EUROPEAN LICENSING AGREEMENT WITH CABOT CORPORATION; 23/05/2018 – CABOT ENERGY -PRODUCTION FOR YEAR EXPECTED TO BE BELOW PREVIOUS GUIDANCE AND CO WILL PROVIDE NEW GUIDANCE ONCE PROGRAMME FOR SECOND HALF OF YEAR IS FINALISED; 08/05/2018 – Encore Capital to Buy the Remaining Interest in Cabot Credit From Existing Hldrs Including J.C. Flowers; 07/05/2018 – CABOT CORP 2Q ADJ EPS $1.04, EST. 99C; 26/03/2018 – Cabot Corporation Receives Responsible Care RC14001® Certification in Tianjin, China; 09/05/2018 – Cabot Corporation Board Declares Dividend; 19/04/2018 – MEDIA-Cabot, lfis are said in talks to buy Italy debt collector FBS – Bloomberg; 23/05/2018 – CABOT ENERGY – CO ASSESSING POTENTIAL WELL REINSTATEMENT PROGRAMME DURING SUMMER OF 2018 ON A NUMBER OF EXISTING WELLS TO INCREASE PRODUCTION; 27/03/2018 – Cabot Corporation Celebrates 30 Years of Success and Development in China; 13/03/2018 – Cabot Corp Non-Deal Roadshow Scheduled By SunTrust for Mar. 20

Investors sentiment decreased to 0.84 in 2018 Q1. Its down 0.23, from 1.07 in 2017Q4. It turned negative, as 13 investors sold Cabot Corporation shares while 112 reduced holdings. 34 funds opened positions while 71 raised stakes. 51.35 million shares or 0.74% less from 51.73 million shares in 2017Q4 were reported. Ubs Asset Management Americas Inc invested in 0% or 76,395 shares. Boston Private Wealth Ltd Liability Corp has 7,966 shares. The New York-based Morgan Stanley has invested 0.01% in Cabot Corporation (NYSE:CBT). 8,878 were accumulated by Jefferies Gru Ltd Liability Company. Gemmer Asset Mngmt Lc reported 0% stake. Pnc Financial Incorporated reported 5,918 shares. Employees Retirement System Of Texas holds 0.03% in Cabot Corporation (NYSE:CBT) or 44,000 shares. 9,962 were reported by Trexquant Limited Partnership. Victory Cap Management invested 0.12% of its portfolio in Cabot Corporation (NYSE:CBT). Goldman Sachs Grp Inc Inc invested in 833,122 shares. Jpmorgan Chase owns 0.01% invested in Cabot Corporation (NYSE:CBT) for 550,290 shares. Engineers Gate Manager Ltd Partnership reported 0.21% stake. Centurylink Inv Management Communication holds 0.44% or 22,260 shares in its portfolio. 1St Source Bancorporation invested in 0.08% or 16,800 shares. Lombard Odier Asset (Usa) reported 21,000 shares.

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot has $120.0 highest and $37.0 lowest target. $70.33’s average target is 9.23% above currents $64.39 stock price. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 11. As per Wednesday, May 9, the company rating was upgraded by Robert W. Baird. The rating was upgraded by Loop Capital to “Buy” on Friday, January 5. Jefferies maintained it with “Buy” rating and $6800 target in Thursday, June 8 report. The stock of Cabot Corporation (NYSE:CBT) has “Sell” rating given on Tuesday, September 1 by Zacks. The firm earned “Hold” rating on Thursday, August 13 by Deutsche Bank. The stock of Cabot Corporation (NYSE:CBT) earned “Buy” rating by J.P. Morgan on Tuesday, August 15. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Monday, April 11. Deutsche Bank maintained Cabot Corporation (NYSE:CBT) on Friday, August 12 with “Hold” rating. The firm has “Neutral” rating by SunTrust given on Tuesday, August 2.

Another recent and important Cabot Corporation (NYSE:CBT) news was published by Nasdaq.com which published an article titled: “Nexeo Solutions Named Distributor in Canada for Cabot Corporation” on June 14, 2018.

Since May 14, 2018, it had 1 buying transaction, and 9 sales for $23.47 million activity. 155,061 shares were sold by Prevost Patrick M., worth $9.53 million. von Gottberg Friedrich had sold 4,212 shares worth $259,080 on Wednesday, May 16. $160,200 worth of Cabot Corporation (NYSE:CBT) was sold by Kelly James Patrick. Kalkstein Hobart sold 4,149 shares worth $264,706. The insider Morrow Michael M bought $123,580. Cross Nicholas S. sold $937,416 worth of Cabot Corporation (NYSE:CBT) on Monday, May 14. The insider BERUBE BRIAN A sold $440,853.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has market cap of $3.98 billion. The firm offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods. It has a 65.24 P/E ratio. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Managed Asset Portfolios Llc holds 6.45% of its portfolio in Tetra Tech, Inc. for 409,480 shares. First Wilshire Securities Management Inc owns 234,663 shares or 3.18% of their US portfolio. Moreover, Rice Hall James & Associates Llc has 2.4% invested in the company for 1.25 million shares. The Pennsylvania-based S&T Bank Pa has invested 1.84% in the stock. Kames Capital Plc, a United Kingdom-based fund reported 1.39 million shares.

Tetra Tech, Inc. provides consulting and engineering services worldwide. The company has market cap of $3.17 billion. It operates through two divisions, Water, Environment and Infrastructure ; and Resource Management and Energy (RME). It has a 23.84 P/E ratio. The WEI segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and activities and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

Ratings analysis reveals 50% of Tetra Tech’s analysts are positive. Out of 2 Wall Street analysts rating Tetra Tech, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. TTEK was included in 2 notes of analysts from November 11, 2016. Roth Capital initiated the stock with “Buy” rating in Wednesday, January 25 report. KeyBanc Capital Markets downgraded the shares of TTEK in report on Friday, November 11 to “Sector Weight” rating.

Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on August, 1. They expect $0.64 earnings per share, up 20.75% or $0.11 from last year’s $0.53 per share. TTEK’s profit will be $35.60 million for 22.23 P/E if the $0.64 EPS becomes a reality. After $0.54 actual earnings per share reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts 18.52% EPS growth.

It closed at $56.9 lastly. It is down 19.01% since June 14, 2017 and is uptrending. It has outperformed by 6.44% the S&P500. Some Historical TTEK News: ; 02/05/2018 – Tetra Tech 2Q Adj EPS 54c; 08/05/2018 – RadioResource: Dubai Firm Honors Airbus, TETRA Technology; 02/05/2018 – TETRA TECH 2Q ONGOING EPS 54C, EST. 51C; 19/04/2018 – DJ Tetra Tech Inc, Inst Holders, 1Q 2018 (TTEK); 11/05/2018 – Mondrian Adds Tetra Tech, Exits Crown Holdings: 13F; 02/05/2018 – Tetra Tech Sees 3Q Rev $525M-$555M; 02/05/2018 – Tetra Tech Raises 2018 View To Rev $2.15B-$2.25B; 02/05/2018 – TETRA TECH 2Q NET REV. $532.4M, EST. $513.7M; 02/05/2018 – Tetra Tech 2Q Rev $532M; 02/05/2018 – Tetra Tech 2Q EPS 51c

Since January 1, 0001, it had 0 insider purchases, and 15 insider sales for $10.34 million activity.

Tetra Tech, Inc. (NASDAQ:TTEK) Institutional Positions Chart

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By1 Hazel Jackson

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