FORA Capital LLC Makes New Investment in Tetra Tech, Inc. $TTEK

Key Points

• FORA Capital LLC acquired a new position in Tetra Tech, Inc., purchasing 15,128 shares valued at approximately $442,000 in the first quarter.
• Tetra Tech reported a quarterly earnings per share of $0.43, exceeding analysts' estimates, and raised its guidance for FY 2025 to between 1.490-1.540 EPS.
• The company declared a quarterly dividend of $0.065, reflecting a 0.7% yield with a payout ratio of 32.50%.

FORA Capital LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,128 shares of the industrial products company's stock, valued at approximately $442,000.

Other large investors also recently modified their holdings of the company. Praxis Investment Management Inc. bought a new position in shares of Tetra Tech in the 1st quarter valued at $348,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Tetra Tech by 39.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock valued at $541,000 after acquiring an additional 5,275 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Tetra Tech by 259.3% in the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock valued at $1,357,000 after acquiring an additional 33,491 shares during the last quarter. Summit Trail Advisors LLC bought a new position in shares of Tetra Tech in the 1st quarter valued at $590,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Tetra Tech by 16.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock valued at $2,134,000 after acquiring an additional 10,159 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of research reports. 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 research note on Thursday, May 8th. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, KeyCorp increased their price objective on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Tetra Tech Trading Down 2.3%

Tetra Tech stock traded down $0.82 during trading hours on Wednesday, reaching $35.60. 835,258 shares of the company's stock were exchanged, compared to its average volume of 2,395,296. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The firm's 50 day simple moving average is $36.74 and its 200 day simple moving average is $33.55. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The firm has a market capitalization of $9.35 billion, a PE ratio of 44.50 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.15 billion. During the same period last year, the business posted $1.59 EPS. The business's revenue was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.065 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech's dividend payout ratio (DPR) is currently 32.50%.

Insider Buying and Selling

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

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.