Ninety One North America Inc. Has $13.84 Million Stake in Tetra Tech, Inc. $TTEK

Key Points

• Ninety One North America Inc. increased its stake in Tetra Tech by 5.2% during the second quarter, now owning approximately $13.84 million worth of shares.
• Institutional investors collectively own 93.89% of Tetra Tech's stock, indicating strong institutional interest in the company.
• Analysts have a consensus price target of $41.00 for Tetra Tech, with ratings ranging from "Moderate Buy" to "Overweight" from multiple brokerages.

Ninety One North America Inc. boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,789 shares of the industrial products company's stock after purchasing an additional 19,063 shares during the period. Ninety One North America Inc. owned about 0.15% of Tetra Tech worth $13,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Praxis Investment Management Inc. acquired a new stake in Tetra Tech in the first quarter valued at $348,000. Cambridge Investment Research Advisors Inc. increased its holdings in Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock valued at $541,000 after purchasing an additional 5,275 shares during the period. SG Americas Securities LLC increased its holdings in Tetra Tech by 259.3% in the first quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock valued at $1,357,000 after purchasing an additional 33,491 shares during the period. FORA Capital LLC acquired a new stake in Tetra Tech during the 1st quarter worth about $442,000. Finally, Summit Trail Advisors LLC acquired a new stake in Tetra Tech during the 1st quarter worth about $590,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TTEK. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an "outperform" rating in a report on Monday. 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 target on Tetra Tech from $41.00 to $43.00 and gave the stock 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 company's stock. Based on data from MarketBeat, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $41.00.

Tetra Tech Price Performance

TTEK stock opened at $33.38 on Wednesday. The stock has a market capitalization of $8.77 billion, a PE ratio of 41.73 and a beta of 0.93. The company's 50-day moving average is $36.16 and its 200-day moving average is $34.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The company 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 business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's dividend payout ratio is 32.50%.

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.

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