Intech Investment Management LLC Has $2.85 Million Stock Position in Tetra Tech, Inc. $TTEK

Key Points

• Intech Investment Management LLC has reduced its stake in Tetra Tech, Inc. by 42.5%, selling 72,198 shares in the 1st quarter, leaving it with 97,588 shares valued at approximately $2.85 million.
• Several institutional investors increased their holdings, with the largest being Cullen Frost Bankers Inc., which grew its stake by 30.9%.
• Tetra Tech's stock has received upgrades, moving from a "hold" to a "buy" rating, with an average price target of $41.67, suggesting positive analyst sentiment.

Intech Investment Management LLC reduced its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 42.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,588 shares of the industrial products company's stock after selling 72,198 shares during the quarter. Intech Investment Management LLC's holdings in Tetra Tech were worth $2,854,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new stake in Tetra Tech in the 1st quarter valued at $25,000. Baillie Gifford & Co. bought a new stake in Tetra Tech during the 1st quarter worth about $27,000. SVB Wealth LLC bought a new stake in Tetra Tech during the 1st quarter worth about $36,000. Caitong International Asset Management Co. Ltd lifted its position in Tetra Tech by 283.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company's stock worth $45,000 after buying an additional 1,144 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after buying an additional 1,483 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Tetra Tech stock traded down $0.47 during mid-day trading on Friday, reaching $36.06. The company had a trading volume of 4,022,130 shares, compared to its average volume of 2,008,599. The business has a fifty day simple moving average of $36.69 and a 200 day simple moving average of $34.08. The company has a market cap of $9.48 billion, a P/E ratio of 45.08 and a beta of 0.93. 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 current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company'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. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTEK. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp increased their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.67.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the firm's 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 completion of the sale, 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 can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

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.