Ninety One UK Ltd Acquires 78,332 Shares of Tetra Tech, Inc. $TTEK

Ninety One UK Ltd boosted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,870,244 shares of the industrial products company’s stock after acquiring an additional 78,332 shares during the period. Ninety One UK Ltd’s holdings in Tetra Tech were worth $95,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Tetra Tech in the second quarter valued at $104,843,000. Corient Private Wealth LLC grew its stake in Tetra Tech by 84.9% in the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after buying an additional 1,847,087 shares during the last quarter. M&G PLC raised its holdings in Tetra Tech by 150.1% in the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock valued at $86,994,000 after acquiring an additional 1,450,420 shares during the period. Sands Capital Management LLC lifted its position in Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after acquiring an additional 1,089,599 shares during the last quarter. Finally, Bornite Capital Management LP bought a new stake in shares of Tetra Tech during the second quarter worth approximately $36,970,000. 93.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TTEK. Robert W. Baird increased their target price on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.20.

Tetra Tech Stock Down 1.3%

TTEK stock opened at $33.54 on Thursday. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $42.98. The business has a 50-day simple moving average of $33.90 and a 200 day simple moving average of $35.13. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $8.75 billion, a PE ratio of 36.06 and a beta of 0.88.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.06 billion. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is 27.96%.

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.