Amundi Raises Position in Tetra Tech, Inc. $TTEK

Amundi lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,098,519 shares of the industrial products company's stock after purchasing an additional 349,272 shares during the period. Amundi owned 1.99% of Tetra Tech worth $147,264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TTEK. CIBC Private Wealth Group LLC raised its stake in Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock worth $30,000 after acquiring an additional 341 shares during the period. OP Asset Management Ltd purchased a new stake in Tetra Tech in the 1st quarter worth $34,000. Evelyn Partners Investment Management Services Ltd bought a new stake in Tetra Tech during the first quarter valued at about $35,000. Geneos Wealth Management Inc. raised its holdings in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 751 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Tetra Tech in the third quarter valued at about $53,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Down 0.8%

Shares of TTEK opened at $35.64 on Wednesday. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a market cap of $9.13 billion, a PE ratio of 21.47 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $33.79 and a 200 day moving average of $31.64.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.43 EPS. The business's revenue was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. On average, sell-side analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.072 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech's dividend payout ratio is presently 17.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on Tetra Tech from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Robert W. Baird set a $37.00 price objective on Tetra Tech in a research report on Thursday, July 30th. Finally, Wall Street Zen cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

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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