Ninety One North America Inc. Acquires 19,063 Shares of Tetra Tech, Inc. $TTEK

Ninety One North America Inc. boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 384,789 shares of the industrial products company’s stock after purchasing an additional 19,063 shares during the quarter. Ninety One North America Inc.’s holdings in Tetra Tech were worth $13,837,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Tetra Tech during the 4th quarter worth approximately $225,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock worth $49,000 after buying an additional 1,483 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Tetra Tech by 334.7% during the 1st quarter. Versant Capital Management Inc now owns 3,278 shares of the industrial products company’s stock worth $96,000 after buying an additional 2,524 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Tetra Tech by 2,784.2% during the 1st quarter. GAMMA Investing LLC now owns 86,814 shares of the industrial products company’s stock worth $2,539,000 after buying an additional 83,804 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Tetra Tech by 188.3% during the 1st quarter. Parallel Advisors LLC now owns 3,177 shares of the industrial products company’s stock worth $93,000 after buying an additional 2,075 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

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 value of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. KeyCorp lifted their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Trading Down 0.7%

Shares of TTEK stock opened at $33.38 on Wednesday. The company has a 50 day moving average of $36.16 and a 200-day moving average of $34.34. 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 12-month low of $27.27 and a 12-month high of $51.20. The firm has a market cap of $8.77 billion, a P/E ratio of 41.73 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results 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. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business posted $1.59 EPS. Tetra Tech’s quarterly 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. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s payout ratio is currently 32.50%.

Tetra Tech Company 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.