PGGM Investments Increases Stake in Tetra Tech, Inc. $TTEK

Key Points

• PGGM Investments increased its stake in Tetra Tech, Inc. by 69.6%, owning 831,733 shares worth approximately $29.9 million after acquiring an additional 341,400 shares in the second quarter.
• Wall Street analysts have a Moderate Buy rating for Tetra Tech, with a current price target ranging from $43.00 to $47.00.
• Tetra Tech recently reported earnings of $0.43 per share for the last quarter, surpassing analysts' expectations and setting FY 2025 guidance between $1.490 and $1.540 EPS.

PGGM Investments raised its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 69.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 831,733 shares of the industrial products company's stock after purchasing an additional 341,400 shares during the period. PGGM Investments owned 0.32% of Tetra Tech worth $29,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEK. Chilton Capital Management LLC purchased a new position in Tetra Tech in the 1st quarter valued at $25,000. Baillie Gifford & Co. purchased a new position in Tetra Tech in the 1st quarter valued at $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Tetra Tech during the 2nd quarter worth $32,000. SVB Wealth LLC purchased a new position in shares of Tetra Tech during the 1st quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock worth $38,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented 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. KeyCorp lifted 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. Finally, Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Tetra Tech currently has an average rating of "Moderate Buy" and an average price target of $41.00.

Tetra Tech Stock Down 0.7%

Shares of NASDAQ:TTEK opened at $33.38 on Wednesday. The business has a 50-day moving average price of $36.16 and a 200 day moving average price of $34.34. 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 company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 41.73 and a beta of 0.93. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued 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 firm 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 company's quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company 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. Sell-side analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors 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 (DPR) is presently 32.50%.

Insider Activity

In other Tetra Tech 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 completion of the transaction, the director directly owned 37,725 shares of the company's stock, valued at $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.

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