Campbell & CO Investment Adviser LLC Grows Stock Position in Tetra Tech, Inc. $TTEK

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Tetra Tech, Inc. by 658.6% in Q1, owning 189,021 shares valued at approximately $5.5 million.
• Tetra Tech recently announced a quarterly dividend of $0.065 per share, representing an annualized yield of 0.7% and a payout ratio of 32.5%.
• The company reported earnings of $0.43 per share for the last quarter, exceeding analysts' expectations, while revenue was up 1.9% year-over-year at $1.15 billion.

Campbell & CO Investment Adviser LLC grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 658.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,021 shares of the industrial products company's stock after acquiring an additional 164,104 shares during the quarter. Tetra Tech comprises 0.4% of Campbell & CO Investment Adviser LLC's holdings, making the stock its 24th largest position. Campbell & CO Investment Adviser LLC owned 0.07% of Tetra Tech worth $5,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $225,000. Mariner LLC increased its holdings in shares of Tetra Tech by 116.6% in the fourth quarter. Mariner LLC now owns 37,959 shares of the industrial products company's stock valued at $1,512,000 after purchasing an additional 20,431 shares during the last quarter. Guggenheim Capital LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $379,000. Marshall Wace LLP increased its holdings in shares of Tetra Tech by 107.3% in the fourth quarter. Marshall Wace LLP now owns 45,927 shares of the industrial products company's stock valued at $1,830,000 after purchasing an additional 23,776 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tetra Tech by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,998,113 shares of the industrial products company's stock valued at $79,606,000 after purchasing an additional 33,046 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TTEK shares. Robert W. Baird increased their price target on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, KeyCorp increased their price target on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Insider Transactions at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech 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 completion of the transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Tetra Tech Trading Down 1.3%

Shares of NASDAQ TTEK traded down $0.48 during trading on Friday, reaching $36.43. The stock had a trading volume of 958,860 shares, compared to its average volume of 2,399,646. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week 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 business's 50-day moving average price is $36.68 and its 200-day moving average price is $33.43. The company has a market cap of $9.57 billion, a P/E ratio of 45.53 and a beta of 0.92.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The firm had revenue of $1.15 billion during 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%.Tetra Tech's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $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, equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.065 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. Tetra Tech's dividend payout ratio (DPR) is 32.50%.

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.