CVA Family Office LLC Takes $80,000 Position in Tetra Tech, Inc. $TTEK

CVA Family Office LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,220 shares of the industrial products company’s stock, valued at approximately $80,000.

Several other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after acquiring an additional 299 shares during the last quarter. Ethic Inc. increased its holdings in Tetra Tech by 1.2% in the first 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 raised its position in Tetra Tech by 22.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 377 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Tetra Tech by 1.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 30,713 shares of the industrial products company’s stock worth $1,104,000 after buying an additional 391 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in shares of Tetra Tech by 5.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock valued at $295,000 after buying an additional 434 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. 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 report on Monday, September 29th. Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. National Bank Financial assumed coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Insiders Place Their Bets

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company’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 transaction of $86,040.00. Following the transaction, the director directly owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $33.78 on Monday. 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 twelve month low of $27.27 and a twelve month high of $51.20. The company has a fifty day moving average of $34.93 and a 200-day moving average of $34.91. The firm has a market capitalization of $8.88 billion, a P/E ratio of 42.23 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $1.59 earnings per share. The business’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. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

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.