Edmond DE Rothschild Holding S.A. Makes New Investment in Tetra Tech, Inc. $TTEK

Key Points

• Edmond DE Rothschild Holding S.A. acquired 107,892 Tetra Tech shares worth approximately $3.1 million during the second quarter. Institutional investors and hedge funds collectively own 93.89% of Tetra Tech.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds, resulting in a “Moderate Buy” consensus and an average price target of $38.25.
• Tetra Tech exceeded quarterly EPS expectations, reporting $0.42 versus the $0.40 consensus, while revenue reached $1.31 billion. The company also declared a quarterly dividend of $0.072 per share, yielding about 0.8% annually.

Edmond DE Rothschild Holding S.A. bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 107,892 shares of the industrial products company's stock, valued at approximately $3,117,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tocqueville Asset Management L.P. purchased a new stake in Tetra Tech in the 2nd quarter valued at about $434,000. one8zero8 LLC acquired a new stake in shares of Tetra Tech during the second quarter valued at about $12,731,000. NewEdge Wealth LLC purchased a new stake in shares of Tetra Tech in the 2nd quarter valued at approximately $358,000. Great Lakes Advisors LLC purchased a new stake in shares of Tetra Tech in the 2nd quarter valued at approximately $443,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Tetra Tech in the 2nd quarter worth approximately $437,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TTEK shares. National Bank Financial dropped their target price on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. 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. Finally, Robert W. Baird set a $37.00 price objective on Tetra Tech in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.25.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $36.57 on Friday. The firm has a 50 day moving average of $31.68 and a two-hundred day moving average of $31.88. The stock has a market capitalization of $9.36 billion, a PE ratio of 22.03 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. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the firm earned $0.43 earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. 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, research analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech's dividend payout ratio (DPR) is presently 17.47%.

Tetra Tech Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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