Optas LLC Makes New Investment in Tetra Tech, Inc. $TTEK

Optas LLC purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 5,965 shares of the industrial products company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clear Creek Financial Management LLC grew its holdings in Tetra Tech by 20.2% in the second quarter. Clear Creek Financial Management LLC now owns 12,609 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 2,121 shares during the last quarter. Wormser Freres Gestion grew its holdings in Tetra Tech by 140.7% in the second quarter. Wormser Freres Gestion now owns 11,270 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 6,587 shares during the last quarter. 111 Capital purchased a new position in Tetra Tech in the second quarter worth $651,000. Robeco Institutional Asset Management B.V. grew its holdings in Tetra Tech by 11.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 650,498 shares of the industrial products company’s stock worth $23,392,000 after purchasing an additional 68,089 shares during the last quarter. Finally, Ninety One North America Inc. grew its holdings in Tetra Tech by 5.2% in the second quarter. Ninety One North America Inc. now owns 384,789 shares of the industrial products company’s stock worth $13,837,000 after purchasing an additional 19,063 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $33.98 on Friday. Tetra Tech, Inc. has a one year low of $27.27 and a one year 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 firm has a market cap of $8.93 billion, a price-to-earnings ratio of 42.48 and a beta of 0.94. The firm’s fifty day moving average is $35.60 and its two-hundred day moving average is $34.55.

Tetra Tech (NASDAQ:TTEK) last posted 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 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 analyst estimates of $1.15 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The firm’s revenue 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. Research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

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

Insider Buying and Selling

In other Tetra Tech 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 sale, the director directly owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTEK. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. KeyCorp boosted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday. Finally, National Bank Financial started coverage on shares of Tetra Tech in a report on Wednesday. They set an “outperform” rating and a $41.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Hold” and an average target price of $41.00.

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.