Northern Trust Corp Acquires 132,974 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Northern Trust Corp increased its investment in Tetra Tech, acquiring 132,974 shares, raising its total holdings to 2,878,408 shares, valued at approximately $84.19 million.
• Tetra Tech recently announced a quarterly dividend of $0.065, translating to an annualized yield of 0.7%, with a dividend payout ratio of 32.50%.
• The company reported a net margin of 3.94% for the latest quarter, with earnings per share (EPS) of $0.43, surpassing analyst expectations.

Northern Trust Corp grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,878,408 shares of the industrial products company's stock after buying an additional 132,974 shares during the period. Northern Trust Corp owned about 1.07% of Tetra Tech worth $84,193,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TTEK. Sarasin & Partners LLP bought a new position in Tetra Tech during the 1st quarter worth approximately $144,799,000. Jacobs Levy Equity Management Inc. increased its position in Tetra Tech by 814.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company's stock valued at $90,329,000 after acquiring an additional 2,019,295 shares during the period. LGT Group Foundation increased its position in Tetra Tech by 124.2% in the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company's stock valued at $79,971,000 after acquiring an additional 1,514,583 shares during the period. Bain Capital Public Equity Management II LLC increased its position in Tetra Tech by 149.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock valued at $96,012,000 after acquiring an additional 1,443,939 shares during the period. Finally, Vanguard Group Inc. increased its position in Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock valued at $795,185,000 after acquiring an additional 1,273,692 shares during the period. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

Shares of TTEK traded down $0.46 during trading hours on Friday, hitting $36.45. 1,216,468 shares of the company were exchanged, compared to its average volume of 2,401,076. The company has a market capitalization of $9.58 billion, a PE ratio of 45.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $33.43. Tetra Tech, Inc. has a one year low of $27.27 and a one 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 for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company's revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on TTEK shares. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. KeyCorp lifted their price target on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Insider Activity at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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.