From Quiver Quantitative:



-Institutional holdings data shows that hedge funds and asset managers have been increasing their holdings in Tetra Tech Inc. (NASDAQ: TTEK).
-Tetra Tech reported strong FY23 results with revenue up 40%, a backlog of $4.79 billion, and initiated FY24 revenue and EPS guidance at double-digit growth.
-The company is a prominent global provider of high-end consulting and engineering services, specializing in areas such as water, environment, sustainable infrastructure, renewable energy, and international development, and has seen impressive growth in the past decade in terms of operational efficiency and sustained revenue growth.

The company operates in a highly competitive market, offering a broad range of consulting, engineering, and technical services in sectors like water, environment, sustainable infrastructure, renewable energy, and international development, and competes with firms such as AECOM, Arcadis NV, Black & Veatch Corporation, and Jacobs Solutions, Inc. Tetra Tech has a solid management team and a strong capital allocation priority, returning value to shareholders through repurchases and dividends. The compensation structure incentivizes management to align their interests with shareholder value and the business operates at a high ROIC ratio, showcasing its efficiency in allocating capital. Tetra Tech has seen impressive sustained growth in revenue, gross profit, and earnings in the past decade, with EPS growing at a CAGR of 11.8% since 2014.



Read more: The Bull Case for Tetra Tech Inc. (NASDAQ: TTEK)