Lombard Odier Asset Management Europe Ltd Takes $3.52 Million Position in Tetra Tech, Inc. $TTEK

Lombard Odier Asset Management Europe Ltd acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, HoldingsChannel reports. The fund acquired 104,898 shares of the industrial products company’s stock, valued at approximately $3,518,000.

Several other hedge funds and other institutional investors have also modified their holdings of TTEK. Capital International Inc. CA acquired a new position in shares of Tetra Tech in the third quarter valued at about $2,067,000. Impax Asset Management Group plc bought a new stake in Tetra Tech during the fourth quarter worth about $107,603,000. Capital International Investors grew its stake in Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after buying an additional 5,051,485 shares in the last quarter. LGT Group Foundation boosted its position in shares of Tetra Tech by 6.3% during the 3rd quarter. LGT Group Foundation now owns 2,978,570 shares of the industrial products company’s stock worth $98,859,000 after acquiring an additional 176,302 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Tetra Tech by 585.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock valued at $2,150,000 after purchasing an additional 55,001 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Up 1.3%

NASDAQ TTEK opened at $28.37 on Wednesday. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. 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 business has a 50 day simple moving average of $29.35 and a 200 day simple moving average of $32.97. The stock has a market capitalization of $7.36 billion, a P/E ratio of 16.99 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data 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 the consensus estimate of $1 billion. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly 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. Research analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.

Tetra Tech Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were given 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 dividend yield of 1.0%. Tetra Tech’s payout ratio is 17.37%.

Analysts Set New Price Targets

TTEK has been the subject of a number of research reports. Robert W. Baird set a $35.00 price target on Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Transactions at Tetra Tech

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 purchased at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

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.