Quantbot Technologies LP Grows Stock Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Quantbot Technologies LP increased its holdings in Tetra Tech by 92.9%, acquiring an additional 37,767 shares, raising its total ownership to 78,409 shares valued at $2.29 million.
• Tetra Tech reported earnings of $0.43 per share for the last quarter, surpassing estimates of $0.37, with revenue of $1.15 billion, marking a 1.9% year-over-year increase.
• The company declared a quarterly dividend of $0.065 per share, with an annual yield of 0.7%, payable to shareholders on August 29th.

Quantbot Technologies LP grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 92.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,409 shares of the industrial products company's stock after buying an additional 37,767 shares during the quarter. Quantbot Technologies LP's holdings in Tetra Tech were worth $2,293,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock valued at $795,185,000 after buying an additional 1,273,692 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Tetra Tech by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock valued at $424,209,000 after buying an additional 484,053 shares during the last quarter. Sarasin & Partners LLP purchased a new stake in Tetra Tech in the first quarter worth approximately $144,799,000. Robeco Schweiz AG grew 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 purchasing an additional 742,241 shares during the period. Finally, Ninety One UK Ltd grew 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 purchasing an additional 625,052 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Buying and Selling

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction on 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tetra Tech Stock Performance

Shares of TTEK stock traded up $0.16 during mid-day trading on Tuesday, reaching $36.50. 313,240 shares of the company's stock traded hands, compared to its average volume of 2,396,933. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $9.59 billion, a PE ratio of 45.63 and a beta of 0.92. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The firm has a 50 day moving average price of $36.60 and a two-hundred day moving average price of $33.35.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the firm earned $1.59 EPS. Tetra Tech's revenue for the quarter was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

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