Wormser Freres Gestion Purchases 6,587 Shares of Tetra Tech, Inc. $TTEK

Wormser Freres Gestion lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 140.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,270 shares of the industrial products company’s stock after purchasing an additional 6,587 shares during the period. Tetra Tech accounts for 0.2% of Wormser Freres Gestion’s portfolio, making the stock its 27th largest holding. Wormser Freres Gestion’s holdings in Tetra Tech were worth $405,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new position in Tetra Tech during the fourth quarter worth about $225,000. GAMMA Investing LLC boosted its stake in shares of Tetra Tech by 2,784.2% during the 1st quarter. GAMMA Investing LLC now owns 86,814 shares of the industrial products company’s stock worth $2,539,000 after acquiring an additional 83,804 shares during the period. Parallel Advisors LLC increased its holdings in shares of Tetra Tech by 188.3% during the 1st quarter. Parallel Advisors LLC now owns 3,177 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 2,075 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Tetra Tech by 114.6% during the 1st quarter. UMB Bank n.a. now owns 2,891 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 1,544 shares during the last quarter. Finally, City Center Advisors LLC bought a new stake in Tetra Tech in the 1st quarter valued at $208,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on TTEK shares. KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Saturday, September 27th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Hold” and a consensus target price of $41.00.

Tetra Tech Stock Up 0.2%

Shares of NASDAQ TTEK opened at $33.74 on Monday. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 42.18 and a beta of 0.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The stock has a 50-day moving average price of $35.88 and a two-hundred day moving average price of $34.45.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. 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, analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio is presently 32.50%.

Insider Buying and Selling at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company 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.