The Whittier Trust Co. and Canton Hathaise LLC are two of the largest shareholders of TetraTech, Inc. (NASDAQ:TTEK). The company’s largest shareholders include:
The Vanguard Group, Inc.
BlackRock, Inc.
State Street Corporation
FMR, LLC (Fidelity)
T. Rowe Price Associates, Inc. These shareholders have significant influence over the company’s direction and operations. Their ownership stakes can impact the company’s stock price and overall performance. reduced its position in shares of TetraTech, Inc. (NASDAQ:TTEK – Free Report) by 1% during the 4th quarter.
The company’s shares closed at $43.50 on the NASDAQ.
Tetra Tech’s revenue for the quarter was $13 billion, a 5% increase from the same period last year.
The company’s operating expenses were $04 billion, a 3% decrease from the same period last year.
Tetra Tech’s cash and cash equivalents were $23 billion at the end of the quarter.Revenue Growth and Challenges
Tetra Tech’s revenue growth can be attributed to its diversified portfolio of services, which includes environmental consulting, construction, and infrastructure development. The company’s strong presence in the global market, particularly in the Asia-Pacific region, has enabled it to capitalize on emerging trends and opportunities. However, Tetra Tech also faces challenges in the highly competitive industry.
The company has a history of paying consistent dividends, with a dividend payout ratio of 24.2% in the previous quarter.
Tetra Tech has a history of paying consistent dividends.
The company has a dividend payout ratio of 2% in the previous quarter.
The trade was a 39% decrease in their position.What Does This Mean for Investors? Investors who are looking for a stable source of income may find Tetra Tech’s dividend payout ratio appealing. The company’s consistent dividend payments demonstrate its commitment to providing a steady stream of returns to its shareholders. However, investors should also consider the company’s overall financial health and growth prospects before making any investment decisions.How Does Tetra Tech’s Dividend Payout Ratio Compare to the Industry Average? Tetra Tech’s dividend payout ratio of 2% is slightly higher than the industry average. This suggests that the company is generating sufficient cash flow to support its dividend payments. However, it’s essential to note that a higher payout ratio can also indicate a higher risk of dividend cuts or other financial challenges.
What Are the Implications of the Trade? The trade of Tetra Tech’s shares represents a 14.39% decrease in the company’s position. This decrease may be due to various factors, such as changes in the company’s financial performance, industry trends, or market conditions.
The analysts at KeyCorp have revised their target price downwards by $00, indicating a decrease in their confidence in Tetra Tech’s ability to meet its earnings expectations.
The revised target price of $00 is lower than the current market price of Tetra Tech’s stock, which is around $
KeyCorp’s analysts have expressed concerns about Tetra Tech’s revenue growth and its ability to maintain its market share in the face of increasing competition.Key Takeaways from Analysts’ Reports
Several other analysts have also issued reports on Tetra Tech, with some expressing concerns about the company’s financial performance and others highlighting its strengths. Here are some key takeaways from these reports:
*Tetra Tech’s revenue growth has been slowing down in recent quarters, which has raised concerns among analysts.
*The company’s ability to maintain its market share in the face of increasing competition has also been questioned by some analysts.
*However, some analysts have highlighted Tetra Tech’s strengths, including its diversified revenue streams and its ability to adapt to changing market conditions.
The Impact of Analysts’ Reports on Tetra Tech’s Stock Price
The reports issued by analysts have had a significant impact on Tetra Tech’s stock price.
The company was founded in 1966 by a group of engineers who were dissatisfied with the quality of consulting services available at the time.
Tetra Tech is a global consulting and engineering firm with a diverse range of services.
The company has a strong presence in the United States and internationally, with offices in over 40 countries.
Tetra Tech provides a wide range of services, including environmental consulting, infrastructure development, and water resources management.Services Offered by Tetra Tech
Tetra Tech offers a diverse range of services to clients across various industries.
According to a recent report by Hedge Fund Intelligence, Tetra Tech, Inc. is the #1 most popular stock among hedge funds, with 24.1% of the total hedge fund portfolio allocated to the company.
The Rise of Tetra Tech, Inc. Tetra Tech, Inc. has experienced a remarkable rise in popularity among hedge funds in recent years.
