SEB Asset Management AB Invests $11.27 Million in Tetra Tech, Inc. $TTEK

SEB Asset Management AB acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 374,020 shares of the industrial products company’s stock, valued at approximately $11,265,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Future Fund LLC raised its position in Tetra Tech by 54.6% during the 1st quarter. Future Fund LLC now owns 137,347 shares of the industrial products company’s stock worth $4,137,000 after buying an additional 48,535 shares during the last quarter. Kera Capital Partners Inc. raised its holdings in Tetra Tech by 10.5% during the first quarter. Kera Capital Partners Inc. now owns 11,532 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 1,100 shares in the last quarter. Assetmark Inc. raised its holdings in Tetra Tech by 18.5% during the first quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 733 shares in the last quarter. Bessemer Group Inc. lifted its position in Tetra Tech by 2.6% in the first quarter. Bessemer Group Inc. now owns 1,432,005 shares of the industrial products company’s stock valued at $43,132,000 after purchasing an additional 36,966 shares during the period. Finally, Hillsdale Investment Management Inc. boosted its holdings in Tetra Tech by 21.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 33,350 shares of the industrial products company’s stock valued at $1,005,000 after purchasing an additional 5,850 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $26.41 per share, with a total value of $50,179.00. Following the purchase, the director owned 1,900 shares in the company, valued at approximately $50,179. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $31.27 on Tuesday. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 18.72 and a beta of 0.92. The company’s 50-day moving average is $28.65 and its two-hundred day moving average is $32.19. The company has a current ratio of 1.25, a quick 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, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $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. Research analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were issued a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 0.9%. Tetra Tech’s payout ratio is 17.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TTEK shares. Robert W. Baird set a $35.00 target price on Tetra Tech in a research note on Thursday, April 30th. National Bank Financial cut their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and an average target price of $39.80.

About Tetra Tech

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.