WBI Investments LLC Takes $269,000 Position in Tetra Tech, Inc. $TTEK

Key Points

• WBI Investments LLC has taken a new position in Tetra Tech, Inc., acquiring 9,187 shares valued at approximately $269,000.
• As of the latest data, institutional investors and hedge funds own 93.89% of Tetra Tech's stock, indicating strong interest among large investors.
• Tetra Tech recently reported quarterly earnings of $0.43 per share, exceeding analyst expectations, and set its FY 2025 guidance at 1.490-1.540 EPS.

WBI Investments LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,187 shares of the industrial products company's stock, valued at approximately $269,000.

Several other large investors have also modified their holdings of TTEK. Brighton Jones LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $225,000. Focus Partners Wealth increased its holdings in Tetra Tech by 164.4% during the 4th quarter. Focus Partners Wealth now owns 24,802 shares of the industrial products company's stock worth $988,000 after purchasing an additional 15,421 shares during the period. Quantinno Capital Management LP increased its holdings in Tetra Tech by 40.8% during the 4th quarter. Quantinno Capital Management LP now owns 93,927 shares of the industrial products company's stock worth $3,742,000 after purchasing an additional 27,203 shares during the period. ProShare Advisors LLC boosted its position in shares of Tetra Tech by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 12,526 shares of the industrial products company's stock worth $499,000 after acquiring an additional 866 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new position in shares of Tetra Tech during the 4th quarter worth about $587,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director owned 37,725 shares in the company, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

Tetra Tech Stock Performance

Tetra Tech stock opened at $36.19 on Friday. 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 stock has a fifty day moving average of $36.70 and a two-hundred day moving average of $33.79. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 45.24 and a beta of 0.93. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20.

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

Tetra Tech Dividend Announcement

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

Analysts Set New Price Targets

TTEK has been the subject of several analyst reports. KeyCorp upped their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock 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 research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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