Tetra Tech, Inc. $TTEK Shares Sold by Terra Alpha Investments LLC

Terra Alpha Investments LLC lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,420 shares of the industrial products company’s stock after selling 744 shares during the quarter. Tetra Tech makes up about 1.8% of Terra Alpha Investments LLC’s holdings, making the stock its 25th largest holding. Terra Alpha Investments LLC’s holdings in Tetra Tech were worth $1,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at approximately $25,000. Central Pacific Bank Trust Division purchased a new position in Tetra Tech in the second quarter valued at $32,000. Baillie Gifford & Co. purchased a new position in Tetra Tech in the first quarter valued at $27,000. SVB Wealth LLC acquired a new stake in Tetra Tech in the first quarter valued at $36,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $33.96 on Wednesday. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 42.45 and a beta of 0.94. The stock’s 50 day moving average price is $35.09 and its 200 day moving average price is $34.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on TTEK. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. KeyCorp increased their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Tetra Tech has a consensus rating of “Hold” and a consensus price target of $41.00.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Tetra Tech 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.