Pictet Asset Management Holding SA Decreases Position in Tetra Tech, Inc. $TTEK

Pictet Asset Management Holding SA trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 13.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,644,792 shares of the industrial products company’s stock after selling 1,559,554 shares during the period. Pictet Asset Management Holding SA owned about 3.70% of Tetra Tech worth $290,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TTEK. First Horizon Corp boosted its stake in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new position in Tetra Tech in the 1st quarter valued at about $34,000. Geneos Wealth Management Inc. grew its stake in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Tetra Tech during the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have 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. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Tetra Tech Stock Up 2.9%

Shares of TTEK opened at $29.26 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $7.59 billion, a PE ratio of 17.52 and a beta of 0.93. The company’s 50-day simple moving average is $28.87 and its 200-day simple moving average is $32.61. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. 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. Analysts forecast that Tetra Tech, Inc. will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. Tetra Tech’s dividend payout ratio is 17.37%.

Tetra Tech 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.