Aberdeen Group plc Boosts Stock Position in Tetra Tech, Inc. $TTEK

Key Points

• Aberdeen Group plc increased its stake in Tetra Tech, Inc. by 3.4% during the second quarter, owning over 1.5 million shares valued at approximately $55.78 million.
• Several large investors, including Chilton Capital Management and Geneos Wealth Management, made new investments or increased their positions in Tetra Tech, resulting in institutional ownership of 93.89% of the stock.
• Tetra Tech reported $0.43 earnings per share for the last quarter, exceeding expectations, and set FY 2025 guidance between $1.490-1.540 EPS.

Aberdeen Group plc grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,555,711 shares of the industrial products company's stock after buying an additional 50,834 shares during the period. Aberdeen Group plc owned 0.59% of Tetra Tech worth $55,780,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new position in shares of Tetra Tech during the 1st quarter valued at about $25,000. Baillie Gifford & Co. purchased a new position in Tetra Tech in the 1st quarter worth approximately $27,000. Central Pacific Bank Trust Division purchased a new position in Tetra Tech in the 2nd quarter worth approximately $32,000. SVB Wealth LLC purchased a new position in Tetra Tech in the 1st quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in 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 worth $38,000 after purchasing an additional 751 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTEK. Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an "outperform" rating in a report on Monday, September 29th. National Bank Financial began coverage on Tetra Tech in a report on Wednesday. They issued an "outperform" rating and a $41.00 price target on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Tech in a report on Wednesday. Finally, Wall Street Zen cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.00.

Tetra Tech Stock Down 0.9%

Shares of TTEK opened at $33.98 on Friday. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 42.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The business's 50 day simple moving average is $35.60 and its 200-day simple moving average is $34.59. 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 released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts expect 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. Stockholders of record on Friday, August 15th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech's payout ratio is currently 32.50%.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the business's stock in a transaction that occurred on 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 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 document filed with the SEC, which can be accessed through the SEC website. Corporate 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.

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