Tetra Tech, Inc. $TTEK Shares Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 149.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 418,010 shares of the industrial products company’s stock after buying an additional 250,310 shares during the period. Erste Asset Management GmbH’s holdings in Tetra Tech were worth $14,255,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital International Inc. CA acquired a new position in Tetra Tech during the third quarter valued at approximately $2,067,000. Impax Asset Management Group plc acquired a new position in Tetra Tech during the fourth quarter valued at approximately $107,603,000. LGT Group Foundation lifted its position in Tetra Tech by 6.3% during the third quarter. LGT Group Foundation now owns 2,978,570 shares of the industrial products company’s stock valued at $98,859,000 after buying an additional 176,302 shares in the last quarter. Capital International Investors lifted its position in Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after buying an additional 5,051,485 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in 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 valued at $2,150,000 after buying an additional 55,001 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Trading Down 1.1%

TTEK opened at $27.59 on Tuesday. The firm has a market capitalization of $7.16 billion, a P/E ratio of 16.52 and a beta of 0.93. The firm’s 50 day moving average is $29.64 and its 200-day moving average is $33.24. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data 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. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. 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 expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. 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 payout ratio is presently 17.37%.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of analyst reports. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Four 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

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 acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares in the company, valued at approximately $50,179. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Tetra Tech Company 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.