Thematics Asset Management Purchases 30,000 Shares of Tetra Tech, Inc. $TTEK

Thematics Asset Management grew its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 9.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 345,750 shares of the industrial products company’s stock after purchasing an additional 30,000 shares during the quarter. Thematics Asset Management’s holdings in Tetra Tech were worth $11,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEK. Brighton Jones LLC acquired a new stake in Tetra Tech during the 4th quarter worth $225,000. AQR Capital Management LLC increased its holdings in shares of Tetra Tech by 451.6% in the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after acquiring an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after purchasing an additional 957,050 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of Tetra Tech by 104.8% during the 2nd quarter. Savant Capital LLC now owns 14,889 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 7,620 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Down 3.0%

NASDAQ:TTEK opened at $32.18 on Friday. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $43.14. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $35.08. The company has a market cap of $8.39 billion, a P/E ratio of 24.20 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The firm’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. 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. As a group, analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, February 12th. Tetra Tech’s dividend payout ratio is currently 19.55%.

Analyst Ratings Changes

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

Insider Buying and Selling at Tetra Tech

In other news, SVP Brian N. Carter sold 9,979 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 46,496 shares in the company, valued at $1,870,534.08. This trade represents a 17.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by insiders.

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.