Free Trial

Natixis Advisors LLC Lowers Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Tetra Tech logo with Industrials background

Key Points

  • Natixis Advisors LLC significantly reduced its holdings in Tetra Tech, Inc. by 41%, selling 29,755 shares to hold 42,742 shares worth approximately $1,250,000.
  • Despite Natixis's reduction, several other hedge funds, including Pictet Asset Management and Robeco Schweiz AG, increased their stakes in Tetra Tech during the same quarter.
  • Tetra Tech reported a 0.43 EPS for its latest quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.065 per share, with a yield of 0.7%.
  • Want stock alerts on Tetra Tech? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Natixis Advisors LLC lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,742 shares of the industrial products company's stock after selling 29,755 shares during the quarter. Natixis Advisors LLC's holdings in Tetra Tech were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Pictet Asset Management Holding SA raised its position in Tetra Tech by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock worth $424,209,000 after buying an additional 484,053 shares during the last quarter. Sarasin & Partners LLP purchased a new position in Tetra Tech in the 1st quarter worth about $144,799,000. Robeco Schweiz AG raised its position in Tetra Tech by 30.3% in the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock worth $93,369,000 after buying an additional 742,241 shares during the last quarter. Ninety One UK Ltd raised its position in Tetra Tech by 26.4% in the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company's stock worth $87,465,000 after buying an additional 625,052 shares during the last quarter. Finally, Northern Trust Corp raised its position in Tetra Tech by 21.3% in the 4th quarter. Northern Trust Corp now owns 2,745,434 shares of the industrial products company's stock worth $109,378,000 after buying an additional 482,101 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. KeyCorp boosted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

View Our Latest Analysis on TTEK

Tetra Tech Trading Down 1.0%

Tetra Tech stock opened at $36.87 on Friday. The business has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $33.38. The company has a market cap of $9.69 billion, a P/E ratio of 46.09 and a beta of 0.92. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%. The firm's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. Analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.065 per share. The ex-dividend date is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. Tetra Tech's payout ratio is 32.50%.

Tetra Tech Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK - Free Report).

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Tetra Tech Right Now?

Before you consider Tetra Tech, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.

While Tetra Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines