Managed Asset Portfolios LLC Has $29.03 Million Position in Tetra Tech, Inc. $TTEK

Managed Asset Portfolios LLC grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,633 shares of the industrial products company’s stock after purchasing an additional 14,067 shares during the period. Tetra Tech makes up 3.6% of Managed Asset Portfolios LLC’s portfolio, making the stock its 9th biggest holding. Managed Asset Portfolios LLC owned about 0.33% of Tetra Tech worth $29,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TTEK. Norges Bank bought a new stake in Tetra Tech during the second quarter valued at $104,843,000. Corient Private Wealth LLC boosted its position in shares of Tetra Tech by 84.9% during the 2nd 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 during the last quarter. M&G PLC boosted its position in shares of Tetra Tech by 150.1% during the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock valued at $86,994,000 after acquiring an additional 1,450,420 shares during the last quarter. Sands Capital Management LLC grew its holdings in shares of Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after purchasing an additional 1,089,599 shares in the last quarter. Finally, Bornite Capital Management LP bought a new position in shares of Tetra Tech in the second quarter worth approximately $36,970,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the sale, the senior vice president owned 46,496 shares in the company, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Tetra Tech Price Performance

TTEK stock opened at $36.45 on Wednesday. The firm has a market cap of $9.51 billion, a P/E ratio of 27.41 and a beta of 0.90. The firm’s fifty day moving average is $36.48 and its 200 day moving average is $35.17. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $43.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 19.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTEK shares. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $43.00 price target on Tetra Tech in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

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.