Tetra Tech, Inc. $TTEK Shares Sold by Tidal Investments LLC

Key Points

• Tidal Investments cut its Tetra Tech stake by 82.1% in the second quarter, selling 315,421 shares and retaining 68,865 shares worth approximately $1.99 million. Institutional investors and hedge funds collectively own 93.89% of TTEK.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $38.25, despite some firms lowering targets or downgrading the stock to “Hold.”
• Tetra Tech exceeded quarterly expectations with adjusted earnings of $0.42 per share versus the $0.40 consensus and revenue of $1.31 billion, though revenue declined 4.4% year over year. The company also declared a quarterly dividend of $0.072 per share, equal to a 0.8% annualized yield.

Tidal Investments LLC lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 82.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,865 shares of the industrial products company's stock after selling 315,421 shares during the period. Tidal Investments LLC's holdings in Tetra Tech were worth $1,990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in Tetra Tech during the 2nd quarter valued at about $2,226,000. Systematic Financial Management LP raised its stake in shares of Tetra Tech by 56.5% in the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company's stock worth $9,618,000 after purchasing an additional 103,582 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Tetra Tech by 8.1% during the fourth 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. Nicola Wealth Management LTD. purchased a new stake in Tetra Tech in the fourth quarter valued at approximately $12,242,000. Finally, Handelsbanken Fonder AB boosted its position in Tetra Tech by 108.4% in the fourth quarter. Handelsbanken Fonder AB now owns 516,043 shares of the industrial products company's stock valued at $17,308,000 after buying an additional 268,420 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTEK. Weiss Ratings raised shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada cut their price objective 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. National Bank Financial reduced their target price on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.25.

Tetra Tech Stock Down 0.7%

TTEK stock opened at $36.47 on Thursday. The firm has a market cap of $9.34 billion, a PE ratio of 21.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm's fifty day moving average is $34.50 and its 200 day moving average is $31.70. Tetra Tech, Inc. has a one year low of $25.81 and a one year 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, topping analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 forecast that Tetra Tech, Inc. will post 1.58 EPS for the current 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 paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech's payout ratio is currently 17.47%.

About Tetra Tech

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

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