Vanguard Personalized Indexing Management LLC Purchases 8,885 Shares of Tetra Tech, Inc. $TTEK

Vanguard Personalized Indexing Management LLC raised its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 36.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,304 shares of the industrial products company’s stock after acquiring an additional 8,885 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Tetra Tech were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in Tetra Tech in the 1st quarter worth about $25,000. Baillie Gifford & Co. bought a new position in Tetra Tech during the first quarter worth about $27,000. Central Pacific Bank Trust Division purchased a new position in shares of Tetra Tech in the second quarter worth about $32,000. SVB Wealth LLC bought a new stake in shares of Tetra Tech in the first quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTEK shares. National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective for 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 reissued a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.00.

Insider Activity at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $32.69 on Friday. The stock has a market cap of $8.59 billion, a P/E ratio of 40.86 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. The business’s 50-day moving average price is $35.21 and its two-hundred day moving average price is $34.71. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business earned $1.59 earnings per share. Tetra Tech’s revenue for the quarter 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 fiscal year.

Tetra Tech Dividend Announcement

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

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.