Edmond DE Rothschild Holding S.A. Has $242,000 Position in Tetra Tech, Inc. $TTEK

Edmond DE Rothschild Holding S.A. increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 425.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,259 shares of the industrial products company’s stock after purchasing an additional 6,687 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Tetra Tech were worth $242,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TTEK. Sarasin & Partners LLP acquired a new position in Tetra Tech during the first quarter worth $144,799,000. Jacobs Levy Equity Management Inc. raised its holdings in Tetra Tech by 814.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company’s stock worth $90,329,000 after buying an additional 2,019,295 shares during the last quarter. LGT Group Foundation raised its holdings in Tetra Tech by 124.2% during the first quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock worth $79,971,000 after buying an additional 1,514,583 shares during the last quarter. Vanguard Group Inc. raised its holdings in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after buying an additional 1,273,692 shares during the last quarter. Finally, Van Berkom & Associates Inc. acquired a new position in Tetra Tech during the first quarter worth $32,816,000. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TTEK shares. KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $36.09 on Friday. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 45.11 and a beta of 0.93. The company has a fifty day moving average price of $36.74 and a 200-day moving average price of $33.64.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. As a group, equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is currently 32.50%.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.