Scientech Research LLC Makes New Investment in Tetra Tech, Inc. $TTEK

Scientech Research LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,282 shares of the industrial products company's stock, valued at approximately $886,000.

A number of other hedge funds also recently made changes to their positions in the business. Sarasin & Partners LLP purchased a new position in shares of Tetra Tech in the first quarter worth about $144,799,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Tetra Tech by 814.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company's stock worth $90,329,000 after buying an additional 2,019,295 shares during the period. LGT Group Foundation boosted its position in Tetra Tech by 124.2% during 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 buying an additional 1,514,583 shares during the period. Vanguard Group Inc. grew its position in shares of 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 worth $795,185,000 after buying an additional 1,273,692 shares during the last quarter. Finally, Van Berkom & Associates Inc. purchased a new position in shares of Tetra Tech during the first quarter valued at about $32,816,000. 93.89% of the stock is currently owned by institutional investors.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director directly owned 37,725 shares of the company's stock, valued at $1,358,100. This represents 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 Stock Up 1.5%

Tetra Tech stock traded up $0.53 during midday trading on Thursday, hitting $36.19. 1,399,454 shares of the company's stock were exchanged, compared to its average volume of 2,404,323. The company has a market cap of $9.51 billion, a PE ratio of 45.24 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. 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 50-day moving average of $36.69 and a two-hundred day moving average of $33.75.

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. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The company's quarterly revenue 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 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's payout ratio is 32.50%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TTEK shares. KeyCorp raised their price objective on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

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.