Ballentine Partners LLC Purchases 10,883 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Ballentine Partners LLC has significantly increased its stake in Tetra Tech, acquiring 10,883 shares during the second quarter, bringing its total holdings to 17,730 shares valued at $638,000.
• Tetra Tech revealed EPS of $0.43 for the last quarter, surpassing analyst expectations of $0.37, with a 1.9% year-over-year revenue increase.
• The company has recently announced a quarterly dividend of $0.065, indicating a 0.8% dividend yield with a payout ratio of 32.50%.

Ballentine Partners LLC grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 158.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 17,730 shares of the industrial products company's stock after acquiring an additional 10,883 shares during the period. Ballentine Partners LLC's holdings in Tetra Tech were worth $638,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TTEK. Sarasin & Partners LLP bought a new position in shares of Tetra Tech in the 1st quarter valued at $144,799,000. LGT Group Foundation lifted its stake in shares of Tetra Tech by 124.2% in the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company's stock valued at $79,971,000 after acquiring an additional 1,514,583 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 last quarter. Van Berkom & Associates Inc. bought a new position in shares of Tetra Tech in the 1st quarter valued at $32,816,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company's stock valued at $48,507,000 after acquiring an additional 957,050 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Performance

TTEK stock opened at $33.33 on Friday. The stock has a 50-day moving average price of $36.34 and a 200-day moving average price of $34.23. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8.76 billion, a PE ratio of 41.66 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $1.59 EPS. The business'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, equities research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TTEK shares. KeyCorp raised their target price on Tetra Tech from $41.00 to $43.00 and gave the stock 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 research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.67.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company's stock.

About Tetra Tech

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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