Janus Henderson Group PLC Lowers Position in Tetra Tech, Inc. $TTEK

Janus Henderson Group PLC decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 47.5% during the first quarter, HoldingsChannel reports. The firm owned 1,029,853 shares of the industrial products company’s stock after selling 931,437 shares during the period. Janus Henderson Group PLC’s holdings in Tetra Tech were worth $31,024,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TTEK. Brighton Jones LLC purchased a new position in Tetra Tech during the fourth quarter valued at approximately $225,000. AQR Capital Management LLC lifted its holdings in Tetra Tech by 451.6% during 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 period. Goldman Sachs Group Inc. boosted its position in 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 valued at $48,507,000 after acquiring an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in 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 acquiring an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,638 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TTEK. Royal Bank Of Canada reduced their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.25.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $33.16 on Monday. The business’s fifty day simple moving average is $29.52 and its 200-day simple moving average is $32.03. The company has a market cap of $8.61 billion, a PE ratio of 19.98 and a beta of 0.90. The company has a current ratio of 1.18, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.072 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

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.