Public Employees Retirement System of Ohio Makes New Investment in Tetra Tech, Inc. $TTEK

Key Points

• Public Employees Retirement System of Ohio bought 77,042 shares of Tetra Tech worth approximately $2.23 million during the second quarter. Institutional investors collectively own 93.89% of the company.
• Tetra Tech exceeded quarterly earnings expectations, reporting $0.42 in EPS versus the $0.40 consensus and revenue of $1.31 billion. However, revenue declined 4.4% year over year, and the stock recently traded down 1.0% to $35.91.
• The company maintains a quarterly dividend of $0.072 per share, representing an annualized yield of 0.8%. Analysts give Tetra Tech a consensus “Moderate Buy” rating with an average price target of $38.25.

Public Employees Retirement System of Ohio purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 77,042 shares of the industrial products company's stock, valued at approximately $2,226,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTEK. Systematic Financial Management LP boosted its position in shares of Tetra Tech by 56.5% during the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company's stock worth $9,618,000 after buying an additional 103,582 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Tetra Tech by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company's stock worth $33,293,000 after purchasing an additional 74,530 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Tetra Tech by 69.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company's stock worth $7,275,000 after buying an additional 88,745 shares during the period. Nicola Wealth Management LTD. purchased a new stake in shares of Tetra Tech in the 4th quarter valued at approximately $12,242,000. Finally, Handelsbanken Fonder AB lifted its position in shares of Tetra Tech by 108.4% during the 4th quarter. Handelsbanken Fonder AB now owns 516,043 shares of the industrial products company's stock worth $17,308,000 after purchasing an additional 268,420 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Trading Down 1.0%

NASDAQ:TTEK opened at $35.91 on Friday. The stock's 50 day moving average price is $33.51 and its 200 day moving average price is $31.68. The company has a market capitalization of $9.19 billion, a PE ratio of 21.63 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 issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, research analysts anticipate that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Royal Bank Of Canada cut their price target on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 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 stock 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.

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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