111 Capital Takes Position in Tetra Tech, Inc. $TTEK

Key Points

• 111 Capital has acquired a new stake in Tetra Tech, purchasing 18,106 shares valued at approximately $651,000 in the second quarter.
• Company insiders, including Director Gary Birkenbeuel, recently sold shares, indicating a decrease in ownership of 5.96%, though institutional investors own 93.89% of the stock.
• Analysts have mixed ratings for Tetra Tech, with the stock currently holding a consensus rating of "Hold" and a price target of $41.00, while it recently reported earnings per share of $0.43 for the last quarter.

111 Capital purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,106 shares of the industrial products company's stock, valued at approximately $651,000.

Other hedge funds have also modified their holdings of the company. Chilton Capital Management LLC bought a new stake in shares of Tetra Tech during the first quarter valued at approximately $25,000. Central Pacific Bank Trust Division bought a new stake in shares of Tetra Tech during the second quarter valued at approximately $32,000. Baillie Gifford & Co. bought a new stake in shares of Tetra Tech during the first quarter valued at approximately $27,000. SVB Wealth LLC bought a new stake in shares of Tetra Tech during the first quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Tetra Tech by 136.1% during the first 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 last quarter. 93.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction 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 completion of the transaction, the director owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Tech in a research note on Saturday, September 27th. KeyCorp increased 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. Northcoast Research restated a "neutral" rating on shares of Tetra Tech in a report on Wednesday. Wall Street Zen lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday. Finally, Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an "outperform" rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Up 0.2%

Tetra Tech stock opened at $33.74 on Friday. The company has a market cap of $8.87 billion, a P/E ratio of 42.18 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The company has a fifty day simple moving average of $35.88 and a 200 day simple moving average of $34.41. 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 (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. 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 announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech's dividend payout ratio (DPR) is 32.50%.

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.

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