Tetra Tech, Inc. $TTEK Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 342,627 shares of the industrial products company’s stock after selling 623 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.13% of Tetra Tech worth $12,314,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Tetra Tech by 1.7% during the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after buying an additional 299 shares during the period. Ethic Inc. increased its stake in Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock worth $849,000 after buying an additional 334 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Tetra Tech by 22.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after buying an additional 377 shares during the period. Verdence Capital Advisors LLC increased its stake in Tetra Tech by 5.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock worth $295,000 after buying an additional 434 shares during the period. Finally, Fifth Third Bancorp increased its stake in Tetra Tech by 9.7% during the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company’s stock worth $157,000 after buying an additional 475 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech 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 transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the topic of several recent research reports. Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. National Bank Financial initiated coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective for the company. Finally, KeyCorp lifted 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. According to data from MarketBeat, Tetra Tech presently has a consensus rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Price Performance

Shares of TTEK opened at $33.32 on Wednesday. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The stock has a market cap of $8.76 billion, a PE ratio of 41.65 and a beta of 0.94. 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 firm has a fifty day moving average price of $35.48 and a 200 day moving average price of $34.65.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results 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 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid 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 payout ratio is currently 32.50%.

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.