Tetra Tech, Inc. $TTEK Stock Holdings Lowered by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 7.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 479,740 shares of the industrial products company’s stock after selling 41,018 shares during the period. J. Safra Sarasin Holding AG’s holdings in Tetra Tech were worth $17,251,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ethic Inc. boosted its position in shares of Tetra Tech by 1.2% in the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after purchasing an additional 334 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Tetra Tech by 22.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after buying an additional 377 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Tetra Tech by 9.7% in the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company’s stock worth $157,000 after buying an additional 475 shares during the period. TT International Asset Management LTD increased its position in shares of Tetra Tech by 3.1% in the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 515 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Tetra Tech by 30.9% during the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company’s stock valued at $68,000 after acquiring an additional 551 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Up 1.5%

TTEK opened at $33.68 on Friday. The company has a market capitalization of $8.85 billion, a PE ratio of 42.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The business has a 50-day moving average of $35.97 and a 200-day moving average of $34.36.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s payout ratio is 32.50%.

Analyst Ratings Changes

TTEK has been the topic of several recent analyst reports. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. 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. Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday. Finally, Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the company an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $41.00.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.40% of the stock is 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.