Tetra Tech, Inc. $TTEK Shares Acquired by Candriam S.C.A.

Candriam S.C.A. grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 15.3% during the first quarter, HoldingsChannel reports. The fund owned 259,365 shares of the industrial products company’s stock after purchasing an additional 34,420 shares during the period. Candriam S.C.A.’s holdings in Tetra Tech were worth $7,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its stake in Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after purchasing an additional 1,936,902 shares during the last quarter. Alliancebernstein L.P. increased its stake in Tetra Tech by 12.0% in the third quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock valued at $219,682,000 after purchasing an additional 705,673 shares during the last quarter. Geode Capital Management LLC increased its stake in Tetra Tech by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock valued at $170,496,000 after purchasing an additional 52,375 shares during the last quarter. Corient Private Wealth LLC raised its holdings in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after purchasing an additional 1,847,087 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Tetra Tech by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,680 shares of the industrial products company’s stock worth $123,322,000 after buying an additional 83,419 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the transaction, the director owned 1,900 shares of the company’s stock, valued at $50,179. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Performance

Shares of TTEK opened at $30.99 on Monday. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $8.04 billion, a PE ratio of 18.56 and a beta of 0.92. The company’s 50 day simple moving average is $28.59 and its 200-day simple moving average is $32.31.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $0.33 earnings per share. 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. As a group, equities analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current 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 paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 annualized dividend and a yield of 0.9%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of 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 issued a Hold rating to the company. According to MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.