Park Avenue Securities LLC Lowers Stock Position in Tetra Tech, Inc. $TTEK

Park Avenue Securities LLC lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,145 shares of the industrial products company’s stock after selling 401 shares during the quarter. Park Avenue Securities LLC’s holdings in Tetra Tech were worth $293,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Tetra Tech in the fourth quarter valued at approximately $225,000. MassMutual Private Wealth & Trust FSB boosted 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 valued at $49,000 after purchasing an additional 1,483 shares during the period. Versant Capital Management Inc boosted its stake in shares of Tetra Tech by 334.7% in the first quarter. Versant Capital Management Inc now owns 3,278 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 2,524 shares during the period. GAMMA Investing LLC boosted its stake in shares of Tetra Tech by 2,784.2% in the first quarter. GAMMA Investing LLC now owns 86,814 shares of the industrial products company’s stock valued at $2,539,000 after purchasing an additional 83,804 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Tetra Tech by 188.3% in 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 period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTEK. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an “outperform” rating in a research note on Monday. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, KeyCorp lifted their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two equities research 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 presently has an average rating of “Moderate Buy” and a consensus 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 that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Tetra Tech Stock Down 0.7%

Shares of Tetra Tech stock opened at $33.38 on Wednesday. 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 52-week low of $27.27 and a 52-week high of $51.20. The company has a 50 day moving average of $36.16 and a 200 day moving average of $34.34. The company has a market capitalization of $8.77 billion, a P/E ratio of 41.73 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. 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 forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 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.