Compagnie Lombard Odier SCmA Takes Position in Tetra Tech, Inc. $TTEK

Key Points

• Compagnie Lombard Odier SCmA acquired 7,800 shares of Tetra Tech, Inc. in the 2nd quarter, valued at approximately $280,000, as reported in their recent 13F SEC filing.
• Tetra Tech's quarterly earnings surpassed expectations, reporting $0.43 earnings per share, exceeding the consensus of $0.37, with revenue reaching $1.15 billion.
• The company recently declared a quarterly dividend of $0.065 per share, representing an annual yield of 0.8% and a payout ratio of 32.50%.

Compagnie Lombard Odier SCmA purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,800 shares of the industrial products company's stock, valued at approximately $280,000.

Other institutional investors have also bought and sold shares of the company. Argent Capital Management LLC raised its stake in shares of Tetra Tech by 216.1% in the second quarter. Argent Capital Management LLC now owns 62,521 shares of the industrial products company's stock valued at $2,248,000 after buying an additional 42,741 shares during the period. GAMMA Investing LLC increased its holdings in Tetra Tech by 105.4% in the 2nd quarter. GAMMA Investing LLC now owns 6,096 shares of the industrial products company's stock worth $219,000 after acquiring an additional 3,128 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in Tetra Tech in the 2nd quarter worth about $713,000. UMB Bank n.a. raised its stake in Tetra Tech by 35.6% in the 2nd quarter. UMB Bank n.a. now owns 3,920 shares of the industrial products company's stock valued at $141,000 after acquiring an additional 1,029 shares during the period. Finally, Perpetual Ltd lifted its holdings in Tetra Tech by 0.4% during the second quarter. Perpetual Ltd now owns 297,978 shares of the industrial products company's stock valued at $10,715,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Trading Down 2.7%

TTEK stock opened at $34.28 on Wednesday. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a market capitalization of $9.01 billion, a PE ratio of 42.85 and a beta of 0.93. The company's 50 day moving average price is $36.61 and its two-hundred day moving average price is $34.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

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 for the quarter, topping 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm's revenue for the quarter 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 predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's payout ratio is 32.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. KeyCorp lifted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tetra Tech currently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director directly owned 37,725 shares of the company's stock, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.40% of the company's stock.

Tetra Tech 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.

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