Ethic Inc. Raises Stake in Tetra Tech, Inc. $TTEK

Ethic Inc. raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,030 shares of the industrial products company’s stock after acquiring an additional 1,285 shares during the quarter. Ethic Inc.’s holdings in Tetra Tech were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its stake 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 worth $541,000 after acquiring an additional 5,275 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Tetra Tech during the 1st quarter worth approximately $442,000. Summit Trail Advisors LLC purchased a new stake in shares of Tetra Tech during the 1st quarter worth approximately $590,000. Catalyst Capital Advisors LLC lifted its position in shares of Tetra Tech by 16.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company’s stock worth $2,134,000 after buying an additional 10,159 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of Tetra Tech by 69.6% during the 1st quarter. M&T Bank Corp now owns 39,212 shares of the industrial products company’s stock worth $1,147,000 after buying an additional 16,093 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $33.78 on Monday. The firm’s fifty day simple moving average is $34.93 and its 200-day simple moving average is $34.91. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last announced 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 analysts’ expectations 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 in the previous year, the company posted $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. As a group, equities analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TTEK. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday. Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. KeyCorp raised their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research note on Friday. Finally, Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $41.00.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value 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. The trade was a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.