Mutual of America Capital Management LLC Lowers Holdings in Tetra Tech, Inc. $TTEK

Mutual of America Capital Management LLC decreased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,042 shares of the industrial products company’s stock after selling 6,911 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tetra Tech were worth $4,712,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in 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 purchasing an additional 1,273,692 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Tetra Tech by 3.5% during the first 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 in the last quarter. Sarasin & Partners LLP boosted its holdings in Tetra Tech by 1.2% during the second 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 in the last quarter. Robeco Schweiz AG boosted its holdings in Tetra Tech by 30.3% during the first 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 in the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of Tetra Tech by 26.4% during 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 acquiring an additional 625,052 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

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 value of $86,040.00. Following the transaction, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. KeyCorp increased their target price on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. National Bank Financial assumed coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.00.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $33.05 on Thursday. The stock’s 50 day simple moving average is $35.01 and its 200-day simple moving average is $34.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $8.68 billion, a PE ratio of 41.31 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share 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 return on equity of 24.70% and a net margin of 3.94%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $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, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

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

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.