Hsbc Holdings PLC Acquires 210,131 Shares of Tetra Tech, Inc. $TTEK

Hsbc Holdings PLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 55.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 589,538 shares of the industrial products company’s stock after acquiring an additional 210,131 shares during the period. Hsbc Holdings PLC’s holdings in Tetra Tech were worth $19,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp lifted its holdings in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Tetra Tech by 3.7% during the third quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 328 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares during the last quarter. Larson Financial Group LLC increased its holdings in Tetra Tech by 26.9% in the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 358 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in Tetra Tech by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TTEK. 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 $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Four research 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 company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Tetra Tech Stock Up 1.7%

NASDAQ TTEK opened at $28.51 on Thursday. The stock has a 50 day moving average price of $28.97 and a 200-day moving average price of $32.68. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $7.40 billion, a P/E ratio of 17.07 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Tetra Tech’s revenue was down 7.7% on a year-over-year basis. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, equities analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were given a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is currently 17.37%.

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.