Aaron Wealth Advisors LLC Invests $290,000 in Tetra Tech, Inc. $TTEK

Key Points

• Aaron Wealth Advisors LLC purchased 8,057 shares of Tetra Tech, Inc. for approximately $290,000, marking a significant investment in the industrial products company.
• Analysts have set a consensus price target of $41.67 for Tetra Tech, with several firms recently upgrading their ratings to "buy."
• Tetra Tech reported $1.15 billion in revenue for the last quarter, beating estimates, and declared a quarterly dividend of $0.065 per share.

Aaron Wealth Advisors LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,057 shares of the industrial products company's stock, valued at approximately $290,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock valued at $795,185,000 after acquiring an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA grew its position in Tetra Tech by 3.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock worth $424,209,000 after purchasing an additional 484,053 shares during the last quarter. Sarasin & Partners LLP acquired a new position in Tetra Tech in the first quarter valued at $144,799,000. Robeco Schweiz AG increased its stake in Tetra Tech by 30.3% in the first quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock valued at $93,369,000 after purchasing an additional 742,241 shares during the period. Finally, Ninety One UK Ltd boosted its stake in shares of Tetra Tech by 26.4% during the first quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company's stock worth $87,465,000 after buying an additional 625,052 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the company's stock in a transaction on Thursday, August 14th. The shares were 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 of the company's stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Tetra Tech Stock Performance

TTEK traded down $0.84 during trading on Monday, reaching $35.22. The company's stock had a trading volume of 2,821,052 shares, compared to its average volume of 2,140,958. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company's fifty day moving average price is $36.65 and its 200-day moving average price is $34.19. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 44.03 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping 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 return on equity of 24.70% and a net margin of 3.94%.The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 15th. 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.