iA Global Asset Management Inc. Reduces Stake in Tetra Tech, Inc. $TTEK

iA Global Asset Management Inc. trimmed its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 717,679 shares of the industrial products company’s stock after selling 202,451 shares during the quarter. iA Global Asset Management Inc. owned approximately 0.28% of Tetra Tech worth $24,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bfsg LLC purchased a new position in Tetra Tech in the third quarter valued at about $25,000. First Horizon Corp boosted its stake in Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Root Financial Partners LLC purchased a new position in Tetra Tech in the third quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Tetra Tech in the third quarter valued at about $53,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $26.18 on Friday. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $6.79 billion, a PE ratio of 15.68 and a beta of 1.00. The company’s 50 day simple moving average is $31.16 and its two-hundred day simple moving average is $33.86.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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. Analysts predict that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a $0.072 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.29 annualized dividend and a yield of 1.1%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is currently 16.77%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTEK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Insider Transactions at Tetra Tech

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.