Alamea Verwaltungs GmbH Takes $442,000 Position in Tetra Tech, Inc. $TTEK

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake of 15,113 shares in Tetra Tech, Inc., valued at approximately $442,000.
• Several institutional investors, including Sarasin & Partners LLP and Jacobs Levy Equity Management Inc., have significantly increased their stakes in Tetra Tech, indicating a strong institutional interest in the company.
• Tetra Tech's stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $41.67.

Alamea Verwaltungs GmbH acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,113 shares of the industrial products company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ethic Inc. raised its position in Tetra Tech by 1.2% in 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 period. Fifth Third Bancorp raised its position in Tetra Tech by 9.7% in the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares during the period. TT International Asset Management LTD raised its position in Tetra Tech by 3.1% in the 1st quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock worth $497,000 after purchasing an additional 515 shares during the period. Cullen Frost Bankers Inc. raised its position in Tetra Tech by 30.9% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock worth $68,000 after purchasing an additional 551 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Tetra Tech by 3.0% in the 1st quarter. Arkadios Wealth Advisors now owns 21,314 shares of the industrial products company's stock worth $623,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTEK shares. Wall Street Zen upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Robert W. Baird boosted their price objective on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, KeyCorp boosted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the company's stock in a transaction dated 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 owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Tetra Tech Trading Up 0.3%

Shares of NASDAQ TTEK traded up $0.12 during midday trading on Friday, hitting $35.78. 2,046,272 shares of the company traded hands, compared to its average volume of 2,403,254. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. 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 stock has a 50-day moving average price of $36.73 and a 200 day moving average price of $33.60. The firm has a market cap of $9.40 billion, a P/E ratio of 44.61 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the previous year, the company earned $1.59 earnings per share. Tetra Tech's quarterly 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 expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 15th. Tetra Tech's dividend payout ratio is 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.