J. Safra Sarasin Holding AG Decreases Stake in Tetra Tech, Inc. $TTEK

J. Safra Sarasin Holding AG lowered its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,740 shares of the industrial products company’s stock after selling 41,018 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.18% of Tetra Tech worth $17,251,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTEK. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at about $25,000. Baillie Gifford & Co. purchased a new position in Tetra Tech in the 1st quarter worth approximately $27,000. Central Pacific Bank Trust Division acquired a new stake in Tetra Tech in the second quarter valued at approximately $32,000. SVB Wealth LLC purchased a new stake in shares of Tetra Tech during the first quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 751 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $33.68 on Friday. The company has a market cap of $8.85 billion, a PE ratio of 42.10 and a beta of 0.94. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The firm has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $34.36. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK) last posted its 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. The company had revenue of $1.15 billion during 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 business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior 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. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current 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 issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis 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 32.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTEK shares. KeyCorp lifted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a research note on Monday. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Tetra Tech currently has a consensus rating of “Hold” and an average price target of $41.00.

Insider Buying and Selling at Tetra Tech

In related 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 value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

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.