Wormser Freres Gestion Has $405,000 Holdings in Tetra Tech, Inc. $TTEK

Wormser Freres Gestion raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 140.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,270 shares of the industrial products company’s stock after buying an additional 6,587 shares during the period. Tetra Tech comprises 0.2% of Wormser Freres Gestion’s portfolio, making the stock its 27th biggest position. Wormser Freres Gestion’s holdings in Tetra Tech were worth $405,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ethic Inc. grew its position in Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $74,000 after buying an additional 377 shares in the last quarter. Fifth Third Bancorp raised 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 valued at $157,000 after buying an additional 475 shares during the last quarter. TT International Asset Management LTD grew its holdings in Tetra Tech by 3.1% during the 1st 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 during the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Tetra Tech by 30.9% in the 1st 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 in the last quarter. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TTEK shares. Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a research report on Monday, September 29th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Saturday, September 27th. Finally, KeyCorp lifted 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. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.00.

Tetra Tech Trading Up 0.2%

NASDAQ:TTEK opened at $33.74 on Monday. The company has a market cap of $8.87 billion, a P/E ratio of 42.18 and a beta of 0.94. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The business has a 50 day moving average price of $35.88 and a two-hundred day moving average price of $34.45. 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) last announced its 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 net margin of 3.94% and a return on equity of 24.70%. 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 company posted $1.59 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. 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, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

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 dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio is presently 32.50%.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly 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. Company insiders own 0.40% of the company’s stock.

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.