Boston Partners Sells 68,110 Shares of Tetra Technologies, Inc. $TTI

Boston Partners lessened its holdings in shares of Tetra Technologies, Inc. (NYSE:TTI) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,500 shares of the oil and gas company’s stock after selling 68,110 shares during the period. Boston Partners’ holdings in Tetra Technologies were worth $892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTI. Brightline Capital Management LLC bought a new stake in shares of Tetra Technologies during the 1st quarter worth approximately $8,921,000. CSM Advisors LLC purchased a new stake in Tetra Technologies in the second quarter worth $3,228,000. American Century Companies Inc. lifted its position in shares of Tetra Technologies by 49.9% during the first quarter. American Century Companies Inc. now owns 2,599,446 shares of the oil and gas company’s stock worth $8,734,000 after purchasing an additional 864,793 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Tetra Technologies during the first quarter valued at $2,701,000. Finally, Needham Investment Management LLC bought a new position in shares of Tetra Technologies in the first quarter worth about $1,562,000. 70.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. D. Boral Capital lifted their price objective on shares of Tetra Technologies from $4.00 to $5.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Tetra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Tetra Technologies in a report on Tuesday, October 14th. Stifel Nicolaus raised their price objective on Tetra Technologies from $6.50 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Northland Securities set a $8.50 target price on Tetra Technologies in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

Insiders Place Their Bets

In related news, VP Shoemake Alicia R. Boston sold 19,257 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $7.94, for a total transaction of $152,900.58. Following the sale, the vice president owned 132,672 shares of the company’s stock, valued at $1,053,415.68. This trade represents a 12.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.71% of the stock is currently owned by insiders.

Tetra Technologies Stock Performance

Shares of TTI stock opened at $7.70 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 8.46 and a beta of 1.36. The company’s 50 day moving average is $6.40 and its 200 day moving average is $4.53. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.61. Tetra Technologies, Inc. has a 52-week low of $2.03 and a 52-week high of $8.35.

Tetra Technologies (NYSE:TTI) last posted its earnings results on Tuesday, October 28th. The oil and gas company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Tetra Technologies had a return on equity of 13.07% and a net margin of 19.75%.The company had revenue of $153.24 million during the quarter, compared to analyst estimates of $144.40 million. Tetra Technologies has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Tetra Technologies, Inc. will post 0.15 EPS for the current fiscal year.

About Tetra Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.