iA Global Asset Management Inc. Lowers Stake in Tetra Tech, Inc. $TTEK

iA Global Asset Management Inc. lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 22.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 717,679 shares of the industrial products company’s stock after selling 202,451 shares during the period. iA Global Asset Management Inc.’s holdings in Tetra Tech were worth $24,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bfsg LLC bought a new position in shares of Tetra Tech during the 3rd quarter valued at $25,000. Root Financial Partners LLC bought a new stake in Tetra Tech in the 3rd quarter worth $30,000. First Horizon Corp boosted its stake in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 751 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Tetra Tech during the 3rd quarter valued at about $53,000. Institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Monday, April 20th. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Tetra Tech Stock Down 0.1%

Shares of TTEK stock opened at $26.18 on Friday. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The stock has a market cap of $6.79 billion, a P/E ratio of 15.68 and a beta of 1.00. 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 company has a 50 day simple moving average of $31.16 and a two-hundred day simple moving average of $33.86.

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 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. On average, research analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.072 per share. 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 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Tetra Tech’s dividend payout ratio is currently 16.77%.

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.