Alamea Verwaltungs GmbH Buys New Stake 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 bought 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 disclosure with the Securities and Exchange Commission. The firm bought 15,113 shares of the industrial products company's stock, valued at approximately $442,000.

A number of other institutional investors have also recently made changes to their positions in the business. Chilton Capital Management LLC acquired a new stake in Tetra Tech during the 1st quarter worth about $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech during the first quarter worth about $27,000. SVB Wealth LLC purchased a new position in shares of Tetra Tech in the 1st quarter valued at about $36,000. Caption Management LLC purchased a new position in shares of Tetra Tech in the 4th quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Tetra Tech by 283.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 1,144 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tetra Tech Stock Down 1.3%

Shares of NASDAQ TTEK traded down $0.46 during mid-day trading on Wednesday, hitting $35.96. The company had a trading volume of 2,490,722 shares, compared to its average volume of 1,825,298. The company has a market capitalization of $9.45 billion, a PE ratio of 44.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The business's 50-day simple moving average is $36.73 and its 200 day simple moving average is $33.57.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations 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 period last year, the firm earned $1.59 earnings per share. 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, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.065 dividend. 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 dividend payout ratio (DPR) is presently 32.50%.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares of the company's stock, valued at $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company's stock.

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.