Lombard Odier Asset Management Europe Ltd trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,962 shares of the industrial products company’s stock after selling 17,936 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Tetra Tech were worth $2,619,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Impax Asset Management Group plc purchased a new stake in Tetra Tech during the 4th quarter worth about $107,603,000. Tudor Investment Corp ET AL increased its holdings in shares of Tetra Tech by 585.1% in 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 during the last quarter. Systematic Financial Management LP raised its position in shares of Tetra Tech by 56.5% during the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after acquiring an additional 103,582 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Tetra Tech by 69.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock worth $7,275,000 after acquiring an additional 88,745 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in 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 last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Tetra Tech
Tetra Tech Stock Performance
NASDAQ:TTEK opened at $33.16 on Monday. The company has a market capitalization of $8.61 billion, a PE ratio of 19.98 and a beta of 0.90. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The stock’s 50 day moving average price is $29.52 and its 200 day moving average price is $32.03. The company has a quick ratio of 1.25, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.
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 announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.
Tetra Tech Profile
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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