Waratah Capital Advisors Ltd. Acquires New Position in Tetra Tech, Inc. $TTEK

Waratah Capital Advisors Ltd. bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, Holdings Channel.com reports. The institutional investor bought 107,734 shares of the industrial products company’s stock, valued at approximately $3,874,000.

A number of other large investors have also made changes to their positions in TTEK. FORA Capital LLC purchased a new position in Tetra Tech during the first quarter worth approximately $442,000. Parallel Advisors LLC increased its stake in shares of Tetra Tech by 38.7% in the 2nd quarter. Parallel Advisors LLC now owns 4,408 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 1,231 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Tetra Tech during the 1st quarter worth $12,191,000. Ameriprise Financial Inc. boosted its position in shares of Tetra Tech by 75.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,523,809 shares of the industrial products company’s stock valued at $44,571,000 after acquiring an additional 656,872 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after purchasing an additional 1,273,692 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTEK. National Bank Financial began coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price on the stock. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a research note on Friday. Finally, Robert W. Baird upped their price target on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech Stock Down 3.2%

NASDAQ:TTEK opened at $36.21 on Friday. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $43.50. The stock’s fifty day moving average is $33.91 and its two-hundred day moving average is $35.17. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 45.26 and a beta of 0.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is presently 27.96%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.