29,609 Shares in Tetra Tech, Inc. $TTEK Bought by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd has acquired a new stake in Tetra Tech, Inc., purchasing 29,609 shares valued at approximately $866,000.
• Research firms have upgraded Tetra Tech's rating, with Wall Street Zen raising the stock from a "hold" to a "buy" rating and KeyCorp increasing their price target from $41.00 to $43.00.
• Tetra Tech recently reported earnings of $0.43 per share for the quarter, exceeding analysts' estimates, and has set a fiscal year 2025 guidance of 1.490-1.540 EPS.

Vancity Investment Management Ltd acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 29,609 shares of the industrial products company's stock, valued at approximately $866,000.

Other hedge funds have also bought and sold shares of the company. Chilton Capital Management LLC bought a new stake in Tetra Tech during the first quarter valued at $25,000. Baillie Gifford & Co. bought a new position in shares of Tetra Tech in the 1st quarter worth about $27,000. SVB Wealth LLC acquired a new position in shares of Tetra Tech in the 1st quarter valued at about $36,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Tetra Tech by 283.9% during 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 purchasing an additional 1,144 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 1,483 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Up 1.5%

NASDAQ:TTEK traded up $0.53 on Thursday, hitting $36.19. The stock had a trading volume of 1,399,454 shares, compared to its average volume of 1,980,376. The business's fifty day moving average is $36.70 and its 200 day moving average is $33.79. The company has a market cap of $9.51 billion, a PE ratio of 45.24 and a beta of 0.93. 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, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company's quarterly revenue was up 1.9% on a year-over-year basis. 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, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given 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 was Friday, August 15th. Tetra Tech's dividend payout ratio is presently 32.50%.

Analyst Ratings Changes

TTEK has been the subject of a number of research analyst reports. KeyCorp lifted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a research 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. Based on data from MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and an average price target of $41.67.

Insider Activity

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 value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

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.