Tetra Tech (TTEK)

• Market cap: $10.8B
• 1 day: -0.25%
• 5 days: -4.33%
• 1 month: -0.05%
• 3 months: -12.82%
• 6 months: -3.92%
• Year to date: 19.50%
• 1 year: 21.63%
• 5 years: 131.97%
• 10 years: 658.49%
• Sector: Industrials
• Industry: Engineering Services

About: Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) segment includes activities with U.S. government clients (federal, state and local) and activities with development agencies world-wide. Commercial/International Services Group (CIG) segment, which derives maximum revenue, includes activities with U.S. commercial clients and international clients other than development agencies.

Employees: 30,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

5,210% more repeat investments, than reductions

Existing positions increased: 531 | Existing positions reduced: 10

69% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 54

27% more funds holding in top 10

Funds holding in top 10: 11 [Q2] → 14 (+3) [Q3]

10% more capital invested

Capital invested by funds: $10B [Q2] → $11.1B (+$1.03B) [Q3]

6% more funds holding

Funds holding: 597 [Q2] → 634 (+37) [Q3]

4.31% less ownership

Funds ownership: 92.12% [Q2] → 87.81% (-4.31%) [Q3]

46% less call options, than puts

Call options by funds: $14.8M | Put options by funds: $27.7M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $47 17% upside
• Avg. target: $49 23% upside
• High target: $52 29% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

RBC Capital Sabahat Khan 53% 1-year accuracy 8 / 15 met price target	29% upside $52	Outperform Reiterated	15 Nov 2024
Keybanc Sangita Jain 55% 1-year accuracy 23 / 42 met price target	22% upside $49	Overweight Maintained	15 Nov 2024
Baird Andrew Wittmann 81% 1-year accuracy 26 / 32 met price target	17% upside $47	Neutral Maintained	14 Nov 2024