Hsbc Holdings PLC Sells 158,566 Shares of Tetra Tech, Inc. $TTEK

Hsbc Holdings PLC cut its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 26.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 430,972 shares of the industrial products company’s stock after selling 158,566 shares during the quarter. Hsbc Holdings PLC’s holdings in Tetra Tech were worth $12,993,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TTEK. Norges Bank bought a new position in Tetra Tech in the 4th quarter worth about $115,162,000. Impax Asset Management Group plc bought a new stake in shares of Tetra Tech during the fourth quarter valued at about $107,603,000. AQR Capital Management LLC lifted its holdings in shares of Tetra Tech by 351.6% in the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after buying an additional 2,238,721 shares in the last quarter. Capital International Investors boosted its position in shares of Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after acquiring an additional 1,936,902 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after acquiring an additional 1,847,087 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TTEK shares. Royal Bank Of Canada decreased their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a report on Thursday, April 30th. National Bank Financial lowered their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Tetra Tech Trading Up 1.5%

Shares of TTEK opened at $30.98 on Thursday. The firm’s 50 day simple moving average is $28.76 and its 200 day simple moving average is $32.16. The company has a market capitalization of $8.04 billion, a P/E ratio of 18.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. 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. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.9%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.

Insider Buying and Selling

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were acquired 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 directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

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.