Sarasin & Partners LLP Raises Stake in Tetra Tech, Inc. $TTEK

Sarasin & Partners LLP grew its position in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,902 shares of the industrial products company’s stock after purchasing an additional 36,732 shares during the quarter. Sarasin & Partners LLP’s holdings in Tetra Tech were worth $13,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Impax Asset Management Group plc bought a new stake in Tetra Tech during the fourth quarter valued at about $107,603,000. Systematic Financial Management LP boosted 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 acquiring an additional 103,582 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Tetra Tech by 585.1% during the third quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock worth $2,150,000 after purchasing an additional 55,001 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in 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 valued at $7,275,000 after purchasing an additional 88,745 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada reduced 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 report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $38.25.

View Our Latest Analysis on Tetra Tech

Tetra Tech Trading Up 1.3%

Shares of TTEK opened at $34.73 on Friday. The company’s fifty day moving average is $30.06 and its 200 day moving average is $31.96. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The stock has a market capitalization of $8.89 billion, a PE ratio of 20.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released 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. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.43 earnings per share. Tetra Tech’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. Sell-side analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price 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 in the company, valued at approximately $50,179. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

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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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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