Sarasin & Partners LLP increased its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 472,902 shares of the industrial products company's stock after acquiring an additional 36,732 shares during the period. Sarasin & Partners LLP owned about 0.18% of Tetra Tech worth $13,662,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Brighton Jones LLC purchased a new position in shares of Tetra Tech in the fourth quarter worth $225,000. AQR Capital Management LLC increased its holdings in Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company's stock worth $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Tetra Tech by 136.5% in the 1st 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 during the last quarter. Geneos Wealth Management Inc. lifted its stake in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company's stock valued at $67,000 after acquiring an additional 1,638 shares during the period. 93.89% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the transaction, the director owned 1,900 shares of the company's stock, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.
Tetra Tech Price Performance
Shares of NASDAQ:TTEK opened at $34.73 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.89 billion, a PE ratio of 20.92 and a beta of 0.90. The firm's 50 day moving average price is $30.06 and its 200-day moving average price is $31.96. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results 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 net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The firm's quarterly 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. Equities research analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.
Tetra Tech Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech's dividend payout ratio (DPR) is currently 17.47%.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Weiss Ratings lowered shares of Tetra Tech from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, June 4th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada cut their target price on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. National Bank Financial decreased their target price on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Finally, Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.25.
Check Out Our Latest Stock Report on TTEK
Tetra Tech Company Profile
(
Free Report)
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.
Further Reading
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