IFP Advisors Inc Grows Holdings in Tetra Tech, Inc. $TTEK

IFP Advisors Inc raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,956 shares of the industrial products company’s stock after buying an additional 494 shares during the quarter. IFP Advisors Inc’s holdings in Tetra Tech were worth $361,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Tetra Tech by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after purchasing an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Tetra Tech by 3.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after purchasing an additional 484,053 shares during the period. Sarasin & Partners LLP grew its stake in shares of Tetra Tech by 1.2% during the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after purchasing an additional 55,012 shares during the period. Robeco Schweiz AG grew its stake in shares of Tetra Tech by 30.3% during the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock worth $93,369,000 after purchasing an additional 742,241 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of Tetra Tech by 26.4% during the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company’s stock worth $87,465,000 after purchasing an additional 625,052 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TTEK shares. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target on the stock. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Finally, KeyCorp boosted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech currently has an average rating of “Hold” and a consensus target price of $41.00.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the 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 $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $32.50 on Thursday. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 40.63 and a beta of 0.94. 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 company’s 50-day moving average is $35.39 and its two-hundred day moving average is $34.64. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

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

Tetra Tech 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.