Tetra Tech, Inc. $TTEK Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 105.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,096 shares of the industrial products company’s stock after purchasing an additional 3,128 shares during the quarter. GAMMA Investing LLC’s holdings in Tetra Tech were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in Tetra Tech in the 4th quarter worth approximately $225,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Tetra Tech by 734.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,483 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Tetra Tech by 334.7% during the first quarter. Versant Capital Management Inc now owns 3,278 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 2,524 shares in the last quarter. Parallel Advisors LLC boosted its position in Tetra Tech by 188.3% during the first quarter. Parallel Advisors LLC now owns 3,177 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new position in Tetra Tech in the first quarter valued at about $144,799,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Tetra Tech Stock Up 0.7%

Shares of TTEK stock opened at $33.33 on Monday. The stock’s 50 day simple moving average is $36.34 and its 200 day simple moving average is $34.31. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month 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. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 41.66 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $1.59 earnings per share. The company’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, research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.065 per share. 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 dividend payout ratio is 32.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTEK. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. KeyCorp increased their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

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.