Tetra Tech, Inc. $TTEK Stock Holdings Lessened by Ninety One UK Ltd

Ninety One UK Ltd reduced its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190,825 shares of the industrial products company’s stock after selling 174,436 shares during the quarter. Ninety One UK Ltd owned approximately 0.86% of Tetra Tech worth $72,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi increased its stake in shares of Tetra Tech by 7.4% in the second quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock valued at $147,264,000 after buying an additional 349,272 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tetra Tech by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after acquiring an additional 112,560 shares during the period. First Trust Advisors LP grew its holdings in Tetra Tech by 47.6% during the 1st quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock worth $73,658,000 after acquiring an additional 788,491 shares during the period. Energy Income Partners LLC acquired a new stake in Tetra Tech during the 2nd quarter worth $68,512,000. Finally, Bank of America Corp DE bought a new stake in shares of Tetra Tech during the 2nd quarter valued at $57,135,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday, July 30th. KeyCorp reaffirmed an “overweight” rating and set a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a research note on Thursday. National Bank Financial decreased their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Tetra Tech Trading Up 2.7%

Shares of NASDAQ:TTEK traded up $0.89 during mid-day trading on Thursday, reaching $34.50. The stock had a trading volume of 911,063 shares, compared to its average volume of 2,948,598. The firm has a market cap of $8.83 billion, a PE ratio of 20.75 and a beta of 0.95. The firm has a 50 day simple moving average of $35.26 and a two-hundred day simple moving average of $31.82. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. 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. On average, research analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.0720 per share. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

About Tetra Tech

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.