3,208,190 Shares in Tetra Tech, Inc. $TTEK Acquired by Impax Asset Management Group plc

Key Points

• Impax Asset Management purchased a new stake of 3,208,190 shares in Tetra Tech during Q4, worth about $107.6 million and representing roughly 1.23% ownership at the end of the period.
• Tetra Tech reported a quarterly EPS beat ($0.35 vs. $0.31) and revenue of $1.21 billion but revenue was down 13.4% year-over-year; management set Q2 2026 guidance of $0.300–0.330 EPS and FY 2026 guidance of $1.460–1.560 EPS.
• The company pays a quarterly dividend of $0.065 (annualized yield ~0.8%), and analysts hold a “Moderate Buy” consensus with a consensus target price of $42.60.

Impax Asset Management Group plc bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,208,190 shares of the industrial products company's stock, valued at approximately $107,603,000. Impax Asset Management Group plc owned 1.23% of Tetra Tech at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Brighton Jones LLC bought a new stake in Tetra Tech in the 4th quarter valued at about $225,000. AQR Capital Management LLC increased its position in Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company's stock valued at $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company's stock valued at $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% during the 1st 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 last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 1,638 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Tetra Tech stock opened at $31.24 on Friday. Tetra Tech, Inc. has a 12 month low of $29.57 and a 12 month high of $43.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The business's 50 day simple moving average is $32.64 and its 200 day simple moving average is $34.20. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 23.49 and a beta of 0.98.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Tetra Tech's revenue for the quarter was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.5 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech's payout ratio is presently 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the sale, the senior vice president owned 46,496 shares of the company's stock, valued at $1,870,534.08. The trade was a 17.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Tetra Tech in a research note on Monday. Robert W. Baird set a $43.00 target price on Tetra Tech in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Tetra Tech has an average rating of "Moderate Buy" and a consensus target price of $42.60.

Tetra Tech Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech's multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company's core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.

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