Ninety One North America Inc. Sells 123,390 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Ninety One North America cut its Tetra Tech stake by 25.4% in the third quarter, selling 123,390 shares and retaining 362,377 shares worth approximately $11.94 million. Institutional investors collectively own 93.89% of Tetra Tech.
• Tetra Tech shares rose 2.6% to $34.50, while the company’s latest quarterly results exceeded expectations with earnings of $0.42 per share versus a $0.40 consensus estimate and revenue of $1.31 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $39.00. Tetra Tech also pays a quarterly dividend of $0.072 per share, yielding about 0.8% annually.

Ninety One North America Inc. reduced its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 362,377 shares of the industrial products company's stock after selling 123,390 shares during the quarter. Ninety One North America Inc. owned approximately 0.14% of Tetra Tech worth $11,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Amundi increased its position in Tetra Tech by 7.4% during the second quarter. Amundi now owns 5,098,519 shares of the industrial products company's stock worth $147,264,000 after purchasing an additional 349,272 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company's stock valued at $114,128,000 after purchasing an additional 112,560 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Tetra Tech by 47.6% in the 1st quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company's stock valued at $73,658,000 after purchasing an additional 788,491 shares during the last quarter. Energy Income Partners LLC purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $68,512,000. Finally, Bank of America Corp DE purchased a new stake in shares of Tetra Tech during the 2nd quarter valued at $57,135,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Up 2.6%

NASDAQ TTEK traded up $0.89 during trading hours on Thursday, hitting $34.50. The company had a trading volume of 904,139 shares, compared to its average volume of 2,948,291. The firm's 50 day moving average is $35.26 and its 200 day moving average is $31.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 20.76 and a beta of 0.95.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company's revenue 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. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a $0.0720 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech's dividend payout ratio (DPR) is 17.47%.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of research analyst reports. National Bank Financial reduced their target price on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday, July 30th. Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Royal Bank Of Canada reduced their price objective on Tetra Tech from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, September 26th. 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 a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Tetra Tech Company Profile

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.

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