Financiere des Professionnels Fonds d investissement inc. Invests $751,000 in Tetra Tech, Inc. $TTEK

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Tetra Tech, Inc., purchasing 20,880 shares valued at approximately $751,000 in the 2nd quarter.
• Tetra Tech's quarterly earnings beat analysts' expectations, reporting $0.43 earnings per share compared to a consensus estimate of $0.37, with a revenue of $1.15 billion.
• The company declared a quarterly dividend of $0.065 per share, representing an annualized yield of 0.7%, with a payout ratio currently at 32.50%.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,880 shares of the industrial products company's stock, valued at approximately $751,000.

A number of other hedge funds also recently bought and sold shares of TTEK. Ethic Inc. raised its position in Tetra Tech by 1.2% in the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock worth $849,000 after purchasing an additional 334 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Tetra Tech by 22.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company's stock worth $74,000 after buying an additional 377 shares in the last quarter. Fifth Third Bancorp increased its holdings 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 buying an additional 475 shares in the last quarter. TT International Asset Management LTD increased its holdings 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 buying an additional 515 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings 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 buying an additional 551 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Down 1.3%

TTEK traded down $0.47 during trading on Friday, hitting $36.06. The company had a trading volume of 4,022,130 shares, compared to its average volume of 2,008,599. The company has a market capitalization of $9.48 billion, a PE ratio of 45.08 and a beta of 0.93. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The firm's 50-day moving average price is $36.69 and its 200 day moving average price is $34.11. 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 data on Wednesday, July 30th. The industrial products company reported $0.43 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 net margin of 3.94% and a return on equity of 24.70%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 15th. Tetra Tech's payout ratio is presently 32.50%.

Insider Transactions at Tetra Tech

In other Tetra Tech 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 sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp upped their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

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.