Public Employees Retirement System of Ohio Grows Holdings in Tetra Tech, Inc. $TTEK

Public Employees Retirement System of Ohio lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,136 shares of the industrial products company’s stock after buying an additional 897 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tetra Tech were worth $3,061,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after buying an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Tetra Tech by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after buying an additional 484,053 shares during the period. Sarasin & Partners LLP grew its position in shares of Tetra Tech by 1.2% in the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after buying an additional 55,012 shares during the period. Robeco Schweiz AG grew its position in shares of Tetra Tech by 30.3% in the 1st quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock worth $93,369,000 after buying an additional 742,241 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Tetra Tech by 26.4% in the 1st quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company’s stock worth $87,465,000 after buying an additional 625,052 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK opened at $33.19 on Thursday. 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 stock has a market capitalization of $8.72 billion, a P/E ratio of 41.49 and a beta of 0.94. The company’s 50-day simple moving average is $36.06 and its two-hundred day simple moving average is $34.33. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results 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 business 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%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TTEK. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. 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 report on Monday. KeyCorp increased their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.00.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.