On September 30, 2024, PICTET ASSET MANAGEMENT SA (Trades, Portfolio) executed a strategic reduction in its holdings of Tetra Tech Inc. The firm decreased its position by 311,060 shares, marking a -2.23% change in its holdings. Despite this reduction, PICTET ASSET MANAGEMENT SA (Trades, Portfolio) continues to hold a significant stake in Tetra Tech Inc, with 13,637,450 shares, representing 5.10% of its holdings in the stock. This transaction reflects the firm's ongoing portfolio management strategy, balancing its investments across various sectors.
Profile of PICTET ASSET MANAGEMENT SA (Trades, Portfolio)
PICTET ASSET MANAGEMENT SA (Trades, Portfolio) is a renowned investment firm headquartered in Geneva, known for its focus on the technology and healthcare sectors. The firm manages an impressive equity portfolio valued at $84.32 billion. Among its top holdings are industry giants such as Apple Inc (AAPL, Financial) and Microsoft Corp (MSFT, Financial), showcasing its strategic investment approach in high-growth sectors. The firm's investment philosophy emphasizes long-term value creation through careful selection of stocks with strong growth potential.
Overview of Tetra Tech Inc
Tetra Tech Inc, based in the USA, is a leading provider of consulting and engineering services, with a specialization in water-related services. The company operates through two primary segments: the Government Services Group and the Commercial/International Services Group. Tetra Tech's expertise lies in designing infrastructure and resource management solutions for both public and private clients, making it a key player in the environmental and infrastructure sectors.
Financial Metrics and Valuation of Tetra Tech Inc
Tetra Tech Inc boasts a market capitalization of $10.77 billion, with a current stock price of $40.22. The stock is considered fairly valued, with a GF Value of $42.05 and a Price to GF Value ratio of 0.96. This valuation suggests that the stock is trading close to its intrinsic value, offering a balanced risk-reward profile for investors. The company's financial strength is further supported by a [Profitability Rank](https://www.gurufocus.com/term/rank-profitability/TTEK) of 9/10 and a [Growth Rank](https://www.gurufocus.com/term/rank-growth/TTEK) of 7/10.
Performance and Growth Indicators
Tetra Tech Inc has demonstrated robust growth, with a [GF Score](https://www.gurufocus.com/term/gf-score/TTEK) of 90/100, indicating good outperformance potential. The company has achieved a 3-year revenue growth rate of 17.90% and an EBITDA growth rate of 24.20%, reflecting its strong operational performance. These growth metrics highlight Tetra Tech's ability to capitalize on market opportunities and deliver consistent financial results.
Impact of the Transaction
The reduction in shares by PICTET ASSET MANAGEMENT SA (Trades, Portfolio) had no significant impact on the firm's overall portfolio position. The firm continues to maintain a substantial investment in Tetra Tech Inc, underscoring its confidence in the company's long-term prospects. This transaction aligns with the firm's strategy of optimizing its portfolio to enhance returns while managing risk effectively.
Other Notable Investors in Tetra Tech Inc
Tetra Tech Inc continues to attract interest from prominent market players. Fisher Asset Management, LLC is the largest holder of Tetra Tech Inc shares, indicating strong institutional support. Other notable investors include Joel Greenblatt (Trades, Portfolio) and Jefferies Group (Trades, Portfolio), further affirming the stock's appeal among seasoned investors. This diverse investor base reflects the market's confidence in Tetra Tech's growth trajectory and strategic initiatives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
