Tetra Tech (NASDAQ:TTEK) Lowered to Hold Rating by Wall Street Zen

Key Points

• Tetra Tech has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in market sentiment towards the stock.
• The company reported a quarterly earnings per share (EPS) of $0.43, which exceeded analysts' expectations of $0.37, despite a year-over-year drop in EPS.
• Institutional investors control approximately 93.89% of Tetra Tech's stock, indicating strong institutional interest and ownership in the company.

Tetra Tech (NASDAQ:TTEK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Friday.

Several other equities research analysts have also recently commented on the company. KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Northcoast Research restated a "neutral" rating on shares of Tetra Tech in a research note on Wednesday. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an "outperform" rating in a research report on Monday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Tetra Tech in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Performance

Shares of Tetra Tech stock traded up $0.06 during trading hours on Friday, hitting $33.74. 2,150,885 shares of the company were exchanged, compared to its average volume of 2,393,936. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $35.88 and a 200-day moving average of $34.39. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 42.18 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping 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 business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. 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 will post 1.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This 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 accessible through the SEC website. Company insiders own 0.40% of the company's stock.

Institutional Trading of Tetra Tech

Several large investors have recently bought and sold shares of TTEK. Chilton Capital Management LLC acquired a new stake in Tetra Tech in the first quarter valued at $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech in the first quarter valued at $27,000. MAI Capital Management grew its holdings in Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 344 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Tetra Tech during the second quarter valued at $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Tetra Tech by 54.5% during the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 348 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

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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