Robeco Institutional Asset Management B.V. Acquires 68,089 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Tetra Tech, Inc. by 11.7%, acquiring an additional 68,089 shares, bringing its total holdings to approximately 650,498 shares worth $23.4 million.
• Wall Street analysts show a mixed outlook for Tetra Tech with a consensus rating of "Hold" and a price target averaging around $41.00.
• Tetra Tech recently paid a quarterly dividend of $0.065 per share, resulting in an annual yield of 0.8% and a payout ratio of 32.5%.

Robeco Institutional Asset Management B.V. raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 650,498 shares of the industrial products company's stock after buying an additional 68,089 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.25% of Tetra Tech worth $23,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Praxis Investment Management Inc. bought a new position in Tetra Tech in the 1st quarter valued at about $348,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of 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 worth $541,000 after purchasing an additional 5,275 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of 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 in the last quarter. FORA Capital LLC purchased a new position in shares of Tetra Tech during the first quarter valued at approximately $442,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of Tetra Tech during the first quarter valued at approximately $590,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a "hold (c)" rating on shares of Tetra Tech in a research note on Saturday, September 27th. 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. Wall Street Zen cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday. KeyCorp increased their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Northcoast Research restated a "neutral" rating on shares of Tetra Tech in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.00.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the 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 sale, the director directly owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.40% of the company's stock.

Tetra Tech Trading Up 0.2%

NASDAQ:TTEK opened at $33.74 on Friday. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The stock's fifty day moving average price is $35.88 and its two-hundred day moving average price is $34.41. 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 company has a market cap of $8.87 billion, a P/E ratio of 42.18 and a beta of 0.94.

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, beating 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 analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $1.59 EPS. The firm'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. As a group, analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

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