Tetra Tech, Inc. $TTEK Position Reduced by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its Tetra Tech position by 25.1% in the third quarter, selling 777,707 shares and retaining 2.32 million shares worth approximately $76.5 million. Institutional investors collectively own 93.89% of the company.
• Tetra Tech reported quarterly adjusted earnings of $0.42 per share, exceeding the $0.40 consensus estimate, while revenue reached $1.31 billion. However, revenue declined 4.4% year over year.
• The stock opened at $36.98, and analysts maintain a “Moderate Buy” consensus with an average price target of $39.00. Tetra Tech also pays a quarterly dividend of $0.072 per share, yielding about 0.8% annually.

Robeco Schweiz AG lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 25.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,321,543 shares of the industrial products company's stock after selling 777,707 shares during the quarter. Tetra Tech accounts for 1.4% of Robeco Schweiz AG's portfolio, making the stock its 21st biggest holding. Robeco Schweiz AG owned 0.91% of Tetra Tech worth $76,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TTEK. Signaturefd LLC lifted its stake in shares of Tetra Tech by 65.0% in the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company's stock worth $66,000 after purchasing an additional 784 shares during the period. Citizens Financial Group Inc. RI purchased a new position in shares of Tetra Tech in the third quarter worth approximately $381,000. Evergreen Capital Management LLC boosted its holdings in shares of Tetra Tech by 8.7% in the third quarter. Evergreen Capital Management LLC now owns 14,942 shares of the industrial products company's stock worth $492,000 after buying an additional 1,190 shares during the last quarter. Inspire Investing LLC grew its position in Tetra Tech by 73.3% during the third quarter. Inspire Investing LLC now owns 25,932 shares of the industrial products company's stock valued at $854,000 after buying an additional 10,966 shares during the period. Finally, MBL Wealth LLC bought a new stake in Tetra Tech during the third quarter valued at approximately $321,000. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $36.98 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business's 50-day simple moving average is $35.24 and its two-hundred day simple moving average is $32.06. The stock has a market cap of $9.47 billion, a PE ratio of 22.28 and a beta of 0.95. 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 announced 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. The business's revenue was down 4.4% on a year-over-year basis. During the same period 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. As a group, analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.0720 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech's payout ratio is currently 17.47%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. KeyCorp reiterated an "overweight" rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday, October 15th. Wall Street Zen cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.00.

Tetra Tech Company Profile

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.

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