MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stock Holdings in Tetra Tech, Inc. $TTEK

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Tetra Tech, Inc. by 3.0%, now owning approximately 1,776,690 shares valued at $51.97 million.
• Tetra Tech recently released earnings showing an EPS of $0.43, surpassing estimates, with revenue increasing by 1.9% year-over-year.
• The company announced a quarterly dividend of $0.065 per share, translating to an annualized yield of 0.7% and a dividend payout ratio of 32.5%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,776,690 shares of the industrial products company's stock after selling 55,419 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.66% of Tetra Tech worth $51,968,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ethic Inc. lifted its holdings in Tetra Tech by 1.2% during the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock valued at $849,000 after purchasing an additional 334 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Tetra Tech by 9.7% during the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock valued at $157,000 after purchasing an additional 475 shares in the last quarter. TT International Asset Management LTD lifted its holdings in 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 valued at $497,000 after purchasing an additional 515 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in 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 valued at $68,000 after purchasing an additional 551 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in Tetra Tech by 3.0% during the first quarter. Arkadios Wealth Advisors now owns 21,314 shares of the industrial products company's stock valued at $623,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp boosted their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK traded down $0.38 during midday trading on Monday, reaching $35.71. 2,225,092 shares of the company were exchanged, compared to its average volume of 1,854,533. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The business's fifty day moving average is $36.73 and its two-hundred day moving average is $33.73. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The stock has a market cap of $9.38 billion, a PE ratio of 44.64 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its 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 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 analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. Tetra Tech'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 year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was 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 is presently 32.50%.

Insider Transactions at Tetra Tech

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

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.