Equitable Trust Co. Boosts Position in Tetra Tech, Inc. $TTEK

Equitable Trust Co. boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,898 shares of the industrial products company’s stock after buying an additional 495 shares during the quarter. Equitable Trust Co.’s holdings in Tetra Tech were worth $608,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new position in Tetra Tech in the first quarter valued at approximately $25,000. Central Pacific Bank Trust Division acquired a new position in Tetra Tech in the second quarter valued at approximately $32,000. Baillie Gifford & Co. acquired a new position in Tetra Tech in the first quarter valued at approximately $27,000. SVB Wealth LLC purchased a new stake in shares of Tetra Tech in the first quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

In other 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 transaction, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

Tetra Tech Stock Down 2.5%

Shares of NASDAQ:TTEK opened at $32.50 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $35.39 and a two-hundred day moving average of $34.64. The stock has a market cap of $8.54 billion, a P/E ratio of 40.63 and a beta of 0.94. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company’s quarterly 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. On average, research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TTEK shares. National Bank Financial started coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective for the company. 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 cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Hold” and a consensus price target of $41.00.

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.