Vanguard Personalized Indexing Management LLC Has $1.20 Million Position in Tetra Tech, Inc. $TTEK

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Tetra Tech, Inc. by 36.4%, owning 33,304 shares worth approximately $1.20 million at the end of the most recent quarter.
• Institutional investors hold 93.89% of Tetra Tech's stock, with significant increases in stakes from firms like LGT Group Foundation and Goldman Sachs Group Inc. during the first quarter.
• Tetra Tech reported earnings of $0.43 per share, beating expectations, and has recently announced a quarterly dividend of $0.065 per share.

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 36.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,304 shares of the industrial products company's stock after purchasing an additional 8,885 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Tetra Tech were worth $1,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TTEK. LGT Group Foundation increased its stake in shares of Tetra Tech by 124.2% in 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 acquiring an additional 1,514,583 shares in the last quarter. Vanguard Group Inc. grew its holdings in Tetra Tech by 4.9% in the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock worth $795,185,000 after purchasing an additional 1,273,692 shares during the period. Van Berkom & Associates Inc. bought a new stake in Tetra Tech in the first quarter valued at $32,816,000. Goldman Sachs Group Inc. raised its holdings in shares of Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company's stock valued at $48,507,000 after purchasing an additional 957,050 shares during the period. Finally, Robeco Schweiz AG boosted its position in shares of Tetra Tech by 30.3% during the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock worth $93,369,000 after purchasing an additional 742,241 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director owned 37,725 shares of the company's stock, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TTEK. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a research report on Wednesday, October 8th. National Bank Financial began coverage on Tetra Tech in a report on Wednesday, October 8th. They set an "outperform" rating and a $41.00 price objective for the company. KeyCorp upped their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an "outperform" rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Down 0.3%

Shares of NASDAQ:TTEK opened at $32.69 on Friday. The business's 50 day moving average is $35.21 and its 200 day moving average is $34.71. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 40.86 and a beta of 0.94. 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 issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business's revenue was up 1.9% on a year-over-year basis. During the same period last year, the business 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. On average, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's dividend payout ratio is presently 32.50%.

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.

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