Tetra Tech, Inc. $TTEK Stock Holdings Increased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 103,649 shares of the industrial products company’s stock after buying an additional 1,397 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Tetra Tech were worth $3,737,000 as of its most recent SEC filing.

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

Tetra Tech Trading Up 0.9%

Shares of NASDAQ:TTEK opened at $33.63 on Tuesday. The stock has a market capitalization of $8.84 billion, a PE ratio of 42.04 and a beta of 0.93. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The firm has a fifty day moving average price of $36.26 and a 200 day moving average price of $34.34. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.15 billion during 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%. Tetra Tech’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal 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 issued a $0.065 dividend. The ex-dividend date 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 is currently 32.50%.

Insider Transactions at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction 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 sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday. 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. Finally, Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.00.

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.