Tetra Tech, Inc. $TTEK Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has reduced its stake in Tetra Tech, Inc. by 2.5%, owning approximately 2.2 million shares valued at about $64.67 million as of the latest reporting period.
• In recent analyst ratings, KeyCorp raised its price target for Tetra Tech from $41 to $43, suggesting a "overweight" rating, while the consensus rating is currently "Moderate Buy".
• Tetra Tech reported an EPS of $0.43 for the quarter, surpassing the consensus estimate of $0.37, and announced a quarterly dividend of $0.065 per share with a yield of 0.7%.

Jacobs Levy Equity Management Inc. decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,210,954 shares of the industrial products company's stock after selling 56,342 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.82% of Tetra Tech worth $64,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech during the 1st quarter worth approximately $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech in the 1st quarter valued at $27,000. SVB Wealth LLC acquired a new stake in Tetra Tech in the 1st quarter valued at $36,000. Caption Management LLC acquired a new stake in Tetra Tech in the 4th quarter valued at $40,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Tetra Tech by 283.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 1,144 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Activity at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. 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 note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.67.

Tetra Tech Trading Up 1.2%

Shares of NASDAQ TTEK traded up $0.43 during trading on Friday, hitting $36.09. 3,259,631 shares of the company were exchanged, compared to its average volume of 1,854,533. 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 company has a fifty day moving average price of $36.74 and a 200-day moving average price of $33.69. The firm has a market capitalization of $9.48 billion, a PE ratio of 45.11 and a beta of 0.93.

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, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. Tetra Tech's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.065 per share. The ex-dividend date was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. Tetra Tech's dividend payout ratio is 32.50%.

Tetra Tech 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.