Intech Investment Management LLC Lowers Position in Tetra Tech, Inc. $TTEK

Intech Investment Management LLC lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 62.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,535 shares of the industrial products company’s stock after selling 61,053 shares during the period. Intech Investment Management LLC’s holdings in Tetra Tech were worth $1,314,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Tetra Tech by 2.5% during the second quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 285 shares during the period. US Bancorp DE boosted its position in shares of Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after acquiring an additional 299 shares during the last quarter. Ethic Inc. grew its holdings in Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after buying an additional 334 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Tetra Tech by 54.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Tetra Tech by 22.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock valued at $74,000 after buying an additional 377 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

Shares of TTEK opened at $33.05 on Monday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 41.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $43.50. The company’s fifty day moving average is $33.83 and its two-hundred day moving average is $35.34.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.06 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a dividend of $0.065 per share. The ex-dividend date is Monday, December 1st. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is presently 27.96%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday. National Bank Financial started coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.