Optas LLC Purchases New Position in Tetra Tech, Inc. $TTEK

Optas LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,965 shares of the industrial products company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently made changes to their positions in TTEK. LGT Group Foundation lifted its holdings in shares of Tetra Tech by 124.2% in the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock valued at $79,971,000 after acquiring an additional 1,514,583 shares during the last quarter. Vanguard Group Inc. lifted its stake in Tetra Tech by 4.9% in the first 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 last quarter. Van Berkom & Associates Inc. bought a new stake in Tetra Tech in the first quarter worth about $32,816,000. Goldman Sachs Group Inc. lifted its stake in Tetra Tech by 136.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Finally, Robeco Schweiz AG lifted its stake in Tetra Tech by 30.3% in the first 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 last quarter. Institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the subject of several analyst reports. KeyCorp raised their price objective on shares of 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 objective on shares of Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday. They set an “outperform” rating and a $41.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech has an average rating of “Hold” and a consensus target price of $41.00.

Tetra Tech Stock Performance

Tetra Tech stock opened at $33.98 on Friday. The company has a 50 day moving average price of $35.60 and a 200-day moving average price of $34.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a market capitalization of $8.93 billion, a PE ratio of 42.48 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Tetra Tech’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.59 earnings per share. 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 forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is presently 32.50%.

Insider Transactions at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech 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 transaction, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by 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.