Vident Advisory LLC Invests $206,000 in Tetra Tech, Inc. $TTEK

Key Points

• Vident Advisory LLC acquired 7,046 shares of Tetra Tech, Inc. valued at approximately $206,000 in the first quarter, amidst a trend of increased institutional investment in the company.
• Analysts have recently raised their price targets on Tetra Tech, with KeyCorp increasing its target from $41.00 to $43.00 and the stock receiving a consensus rating of "Moderate Buy."
• Tetra Tech announced a quarterly dividend of $0.065 per share, with a potential annual yield of 0.7% and a payout ratio of 32.50%.

Vident Advisory LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,046 shares of the industrial products company's stock, valued at approximately $206,000.

A number of other large investors also recently modified their holdings of the business. Praxis Investment Management Inc. bought a new position in Tetra Tech in the 1st quarter valued at about $348,000. Cambridge Investment Research Advisors Inc. raised its holdings in Tetra Tech by 39.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after purchasing an additional 5,275 shares in the last quarter. SG Americas Securities LLC raised its holdings in Tetra Tech by 259.3% during the first quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock worth $1,357,000 after purchasing an additional 33,491 shares in the last quarter. Summit Trail Advisors LLC bought a new position in Tetra Tech during the 1st quarter valued at $590,000. Finally, FORA Capital LLC bought a new position in shares of Tetra Tech during the 1st quarter valued at about $442,000. 93.89% of the stock is owned by institutional investors and hedge funds.

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 shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TTEK shares. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. KeyCorp increased their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.67.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.05 during mid-day trading on Friday, hitting $36.14. 1,229,449 shares of the stock were exchanged, compared to its average volume of 1,964,097. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $9.50 billion, a P/E ratio of 45.18 and a beta of 0.93. The stock's fifty day simple moving average is $36.71 and its two-hundred day simple moving average is $33.83. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share 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 analysts' expectations of $1.15 billion. During the same quarter in the previous year, the company posted $1.59 EPS. Tetra Tech'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. As a group, analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid 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 0.7%. Tetra Tech's payout ratio is presently 32.50%.

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.