Asset Management One Co. Ltd. Sells 39,808 Shares of Tetra Tech, Inc. $TTEK

Asset Management One Co. Ltd. decreased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 14.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 230,428 shares of the industrial products company’s stock after selling 39,808 shares during the period. Asset Management One Co. Ltd.’s holdings in Tetra Tech were worth $8,284,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its holdings in Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock valued at $541,000 after buying an additional 5,275 shares during the period. FORA Capital LLC acquired a new position in shares of Tetra Tech during the first quarter valued at about $442,000. Summit Trail Advisors LLC acquired a new position in shares of Tetra Tech during the first quarter valued at about $590,000. Catalyst Capital Advisors LLC raised its holdings in shares of Tetra Tech by 16.2% during the first quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company’s stock valued at $2,134,000 after purchasing an additional 10,159 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Tetra Tech by 69.6% during the first quarter. M&T Bank Corp now owns 39,212 shares of the industrial products company’s stock valued at $1,147,000 after purchasing an additional 16,093 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TTEK. KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday. National Bank Financial assumed coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price for the company. Finally, Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Hold” and an average price target of $41.00.

Tetra Tech Stock Down 0.9%

Tetra Tech stock opened at $33.48 on Tuesday. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The firm has a 50 day moving average price of $34.88 and a 200-day moving average price of $34.94. The company has a market capitalization of $8.80 billion, a P/E ratio of 41.85 and a beta of 0.94. 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 released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $1.59 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. 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, equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate 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.