Wormser Freres Gestion Sells 1,829 Shares of Tetra Tech, Inc. $TTEK

Wormser Freres Gestion reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,683 shares of the industrial products company’s stock after selling 1,829 shares during the quarter. Wormser Freres Gestion’s holdings in Tetra Tech were worth $137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chilton Capital Management LLC bought a new stake in shares of Tetra Tech in the 1st quarter worth approximately $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech during the first quarter worth $27,000. Caption Management LLC bought a new stake in Tetra Tech in the 4th quarter valued at $40,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $45,000 after acquiring an additional 1,144 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Tetra Tech during the 4th quarter valued at about $61,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Tetra Tech stock opened at $35.66 on Thursday. The stock has a 50-day simple moving average of $36.58 and a 200 day simple moving average of $33.31. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 44.58 and a beta of 0.92. 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 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted 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. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $1.59 EPS. 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. On average, research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. Tetra Tech’s payout ratio is presently 32.50%.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction dated 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 directly owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTEK. Robert W. Baird raised their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $41.67.

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.