Tetra Tech, Inc. $TTEK Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management cut its stake in Tetra Tech by 21.0% in Q4, selling 2,984,899 shares and retaining 11,204,346 shares (about 4.29% of the company) valued at roughly $375.8 million.
• Tetra Tech’s most recent quarter showed EPS of $0.35, beating estimates of $0.31 and revenue of $1.21 billion (above estimates) despite revenue being down 13.4% year‑over‑year; management set Q2 2026 guidance of $0.300–0.330 EPS and FY2026 guidance of $1.460–1.560 EPS.
• Institutional investors own a high 93.89% of the stock, analysts have a consensus of "Moderate Buy" with an average target of $42.60, and the shares trade near $31.24 with a 52‑week range of $29.57–$43.14.

Pictet Asset Management Holding SA lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,204,346 shares of the industrial products company's stock after selling 2,984,899 shares during the quarter. Pictet Asset Management Holding SA owned about 4.29% of Tetra Tech worth $375,811,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd raised its position in shares of Tetra Tech by 2.8% during the 3rd quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company's stock valued at $95,809,000 after acquiring an additional 78,332 shares in the last quarter. Capital International Inc. CA acquired a new stake in shares of Tetra Tech during the 3rd quarter valued at approximately $2,067,000. Capital International Investors raised its position in shares of Tetra Tech by 249.1% during the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company's stock valued at $236,320,000 after acquiring an additional 5,051,485 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Tetra Tech by 585.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company's stock valued at $2,150,000 after acquiring an additional 55,001 shares in the last quarter. Finally, PGGM Investments boosted its stake in Tetra Tech by 32.2% in the third quarter. PGGM Investments now owns 1,099,907 shares of the industrial products company's stock valued at $36,715,000 after acquiring an additional 268,174 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $31.24 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. Tetra Tech, Inc. has a 1 year low of $29.57 and a 1 year high of $43.14. The stock has a fifty day moving average of $32.64 and a two-hundred day moving average of $34.19. The firm has a market capitalization of $8.15 billion, a PE ratio of 23.49 and a beta of 0.98.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm's quarterly revenue was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, research analysts expect that Tetra Tech, Inc. will post 1.5 EPS for the current year.

Insider Activity at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares in the company, valued at $1,870,534.08. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTEK. Robert W. Baird set a $43.00 target price on Tetra Tech in a research note on Thursday, January 29th. Weiss Ratings restated a "hold (c)" rating on shares of Tetra Tech in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.60.

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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