Tetra Tech, Inc. $TTEK Shares Acquired by Ethic Inc.

Ethic Inc. lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 4.5% during the second quarter, HoldingsChannel.com reports. The firm owned 30,030 shares of the industrial products company’s stock after purchasing an additional 1,285 shares during the period. Ethic Inc.’s holdings in Tetra Tech were worth $1,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TTEK. Brighton Jones LLC acquired a new position in shares of Tetra Tech during the 4th quarter worth $225,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Tetra Tech by 39.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 5,275 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Tetra Tech by 0.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 582,409 shares of the industrial products company’s stock worth $17,035,000 after purchasing an additional 2,125 shares during the period. Clear Creek Financial Management LLC grew its stake in shares of Tetra Tech by 24.6% during the 1st quarter. Clear Creek Financial Management LLC now owns 10,488 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 2,070 shares during the period. Finally, Summit Trail Advisors LLC acquired a new position in shares of Tetra Tech during the 1st quarter worth $590,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

In other 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 completion of the transaction, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $33.78 on Monday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $34.93 and its two-hundred day moving average is $34.91. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm 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. Research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

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 note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Friday. National Bank Financial assumed coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective on the stock. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, KeyCorp boosted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.00.

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.