Tetra Tech, Inc. $TTEK Shares Purchased by Equitable Trust Co.

Equitable Trust Co. increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 16,898 shares of the industrial products company’s stock after acquiring an additional 495 shares during the period. Equitable Trust Co.’s holdings in Tetra Tech were worth $608,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTEK. US Bancorp DE grew its stake in Tetra Tech by 1.7% during the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after buying an additional 299 shares during the last quarter. Ethic Inc. grew its stake in Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock worth $849,000 after buying an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake 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 buying an additional 377 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Tetra Tech by 5.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock worth $295,000 after acquiring an additional 434 shares during the period. Finally, Fifth Third Bancorp lifted its position in Tetra Tech by 9.7% during the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $32.50 on Thursday. The stock has a fifty day moving average price of $35.39 and a 200 day moving average price of $34.64. The stock has a market cap of $8.54 billion, a PE ratio of 40.63 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. 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 (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, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm 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. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is currently 32.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. KeyCorp increased their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.00.

Insiders Place Their Bets

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

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.