Rheos Capital Works Inc. Trims Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Rheos Capital Works Inc. significantly reduced its holdings in Tetra Tech, Inc. by 60.7% in the second quarter, bringing its total ownership to 269,000 shares valued at approximately $9.67 million.
• Wall Street analysts have varying opinions on Tetra Tech, with a consensus rating of "Hold" and a target price of $41.00, although a notable downgrade occurred from "buy" to "hold" by Wall Street Zen.
• The company recently announced a quarterly dividend of $0.065 per share, yielding 0.8%, with a payout ratio of 32.5%.

Rheos Capital Works Inc. reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 60.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,000 shares of the industrial products company's stock after selling 415,000 shares during the period. Rheos Capital Works Inc. owned 0.10% of Tetra Tech worth $9,673,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Tetra Tech by 39.9% during 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 last quarter. Praxis Investment Management Inc. bought a new position in Tetra Tech during the 1st quarter valued at approximately $348,000. SG Americas Securities LLC raised its stake in Tetra Tech by 259.3% during 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 buying an additional 33,491 shares during the last quarter. FORA Capital LLC bought a new stake in Tetra Tech in the first quarter worth $442,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Tetra Tech in the first quarter worth $590,000. Institutional investors own 93.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a report on Wednesday, October 8th. Northcoast Research reiterated a "neutral" rating on shares of Tetra Tech in a report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the company an "outperform" rating in a research report on Monday, September 29th. Finally, National Bank Financial assumed coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $41.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.00.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Down 3.6%

TTEK opened at $33.32 on Wednesday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 41.65 and a beta of 0.94. The firm has a 50 day moving average price of $35.48 and a 200-day moving average price of $34.65. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted 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. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a 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%.

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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