Fisher Asset Management LLC Has $20.84 Million Stake in Tetra Tech, Inc. $TTEK

Key Points

• Fisher Asset Management cut its Tetra Tech stake by 12.4% in the fourth quarter, though it still held 621,198 shares valued at about $20.84 million.
• Tetra Tech beat quarterly expectations, reporting adjusted EPS of $0.34 versus $0.31 expected and revenue of $1.22 billion versus $1.0 billion projected, even though sales fell 7.7% year over year.
• The company raised its quarterly dividend to $0.072 per share, while analysts currently maintain a Moderate Buy consensus with a $41.00 price target.

Fisher Asset Management LLC decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 621,198 shares of the industrial products company's stock after selling 88,168 shares during the period. Fisher Asset Management LLC owned about 0.24% of Tetra Tech worth $20,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TTEK. Capital International Investors increased its holdings in shares of Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company's stock worth $236,320,000 after buying an additional 5,051,485 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Tetra Tech during the fourth quarter worth approximately $107,603,000. Sands Capital Management LLC increased its holdings in shares of Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company's stock worth $239,636,000 after buying an additional 1,978,697 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company's stock worth $147,095,000 after buying an additional 1,847,087 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company's stock worth $48,507,000 after buying an additional 957,050 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TTEK shares. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Tech in a research note on Monday, April 20th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares in the company, valued at $50,179. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Tetra Tech Price Performance

TTEK opened at $27.92 on Thursday. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The company's 50 day simple moving average is $30.18 and its 200-day simple moving average is $33.60. The stock has a market capitalization of $7.25 billion, a P/E ratio of 16.72 and a beta of 1.00.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Tetra Tech's revenue was down 7.7% compared to the same quarter last year. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. This is an increase from Tetra Tech's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, May 14th. Tetra Tech's payout ratio is currently 17.37%.

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.

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