Lombard Odier Asset Management Europe Ltd Sells 17,936 Shares of Tetra Tech, Inc. $TTEK

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,962 shares of the industrial products company’s stock after selling 17,936 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Tetra Tech were worth $2,619,000 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 the stock. Brighton Jones LLC acquired a new position in Tetra Tech during the fourth quarter valued at approximately $225,000. AQR Capital Management LLC lifted its stake 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 buying an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after buying an additional 957,050 shares during the period. Geneos Wealth Management Inc. grew its stake in 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 last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Tetra Tech by 754.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,638 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $31.71 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $8.23 billion, a PE ratio of 18.99 and a beta of 0.92. The firm has a fifty day moving average price of $28.96 and a two-hundred day moving average price of $32.13. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14.

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. 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 for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. 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 expect that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were given a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is 17.37%.

Analysts Set New Price Targets

TTEK has been the subject of a number of research analyst reports. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research report on Thursday, April 30th. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada dropped their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.80.

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.