11,454 Shares in Tetra Tech, Inc. $TTEK Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC acquired 11,454 shares of Tetra Tech, Inc., valued at approximately $439,000, as disclosed in their recent SEC filing.
• Tetra Tech reported $0.43 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $0.37 EPS and showing a year-over-year revenue growth of 1.9%.
• The company recently announced a quarterly dividend of $0.065 per share, representing a 0.8% yield and a payout ratio of 32.50%.

Chicago Partners Investment Group LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,454 shares of the industrial products company's stock, valued at approximately $439,000.

Several other large investors have also made changes to their positions in the business. US Bancorp DE lifted its position in shares of Tetra Tech by 1.7% during the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company's stock worth $659,000 after purchasing an additional 299 shares during the last quarter. Ethic Inc. lifted its position in shares of Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock worth $849,000 after purchasing an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Tetra Tech by 22.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company's stock worth $74,000 after purchasing an additional 377 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Tetra Tech by 5.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company's stock worth $295,000 after purchasing an additional 434 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Tetra Tech by 5.2% during the 2nd quarter. IFP Advisors Inc now owns 9,956 shares of the industrial products company's stock worth $361,000 after purchasing an additional 494 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Trading Down 2.7%

Shares of TTEK opened at $33.05 on Thursday. The stock has a market cap of $8.68 billion, a PE ratio of 41.31 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. The stock has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $34.75. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly 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 return on equity of 24.70% and a net margin of 3.94%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $1.59 EPS. The firm's revenue was up 1.9% on a year-over-year basis. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, sell-side 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. Shareholders of record on Friday, August 15th were issued a dividend of $0.065 per share. 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 currently 32.50%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TTEK shares. Northcoast Research reiterated a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Tetra Tech in a research report on Wednesday, October 8th. KeyCorp raised their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an "outperform" rating in a research report on Monday, September 29th. Finally, National Bank Financial started coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $41.00 price objective for the company. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.00.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

About Tetra Tech

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.