Tetra Tech, Inc. $TTEK Stake Raised by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Tetra Tech, Inc. by 47.7%, acquiring an additional 85,603 shares, bringing its total ownership to approximately 265,002 shares worth $7,751,000.
• Tetra Tech reported $1.15 billion in revenue for the latest quarter, with an earnings per share (EPS) of $0.43, exceeding analyst expectations.
• The company announced a quarterly dividend of $0.065 per share, with an ex-dividend date set for August 15th, representing a yield of 0.7%.

Algert Global LLC increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 47.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,002 shares of the industrial products company's stock after buying an additional 85,603 shares during the period. Algert Global LLC owned about 0.10% of Tetra Tech worth $7,751,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ethic Inc. increased its stake in Tetra Tech by 1.2% in the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 334 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Tetra Tech by 9.7% during the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after acquiring an additional 475 shares during the last quarter. TT International Asset Management LTD grew its position in shares of Tetra Tech by 3.1% during the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock worth $497,000 after acquiring an additional 515 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Tetra Tech by 30.9% during the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock worth $68,000 after acquiring an additional 551 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Tetra Tech by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 21,314 shares of the industrial products company's stock worth $623,000 after acquiring an additional 630 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

TTEK has been the subject of several recent research reports. Robert W. Baird increased their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, KeyCorp lifted 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.67.

Tetra Tech Stock Up 2.8%

Shares of TTEK traded up $1.01 during trading on Friday, reaching $36.82. The company's stock had a trading volume of 1,374,918 shares, compared to its average volume of 1,979,216. The company has a fifty day moving average of $36.59 and a two-hundred day moving average of $33.34. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 46.03 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted 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. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior 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. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech's dividend 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.