Handelsbanken Fonder AB Acquires 31,147 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Handelsbanken Fonder increased its Tetra Tech stake by 7.4% in the second quarter, adding 31,147 shares to reach 449,922 shares valued at approximately $13 million. Institutional investors collectively own 93.89% of the company.
• Tetra Tech reported quarterly EPS of $0.42, beating estimates by $0.02, while revenue reached $1.31 billion—above expectations but down 4.4% year over year. The company maintained 2026 EPS guidance of $1.56 to $1.59.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $38.25. Tetra Tech also declared a quarterly dividend of $0.072 per share, representing a 0.8% annualized yield.

Handelsbanken Fonder AB increased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 449,922 shares of the industrial products company's stock after purchasing an additional 31,147 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.17% of Tetra Tech worth $12,998,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TTEK. First Horizon Corp lifted its position in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company's stock worth $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Tetra Tech in the first quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd bought a new stake in Tetra Tech during the first quarter worth about $35,000. Finally, 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 worth $38,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Trading Up 2.6%

Shares of Tetra Tech stock opened at $36.43 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $31.92. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 21.95 and a beta of 0.90.

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

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech's dividend payout ratio is currently 16.87%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. National Bank Financial decreased their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada lowered their target price on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.25.

About Tetra Tech

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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