Tetra Tech, Inc. $TTEK Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 7.4% in the third quarter, HoldingsChannel.com reports. The fund owned 2,190,825 shares of the industrial products company’s stock after selling 174,436 shares during the quarter. Ninety One UK Ltd’s holdings in Tetra Tech were worth $72,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of TTEK. Mather Group LLC. grew its holdings in Tetra Tech by 562.0% during the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,169 shares during the period. Krilogy Financial LLC raised its stake in Tetra Tech by 67.7% in the third quarter. Krilogy Financial LLC now owns 12,618 shares of the industrial products company’s stock valued at $423,000 after buying an additional 5,096 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in Tetra Tech in the third quarter valued at approximately $202,000. Perpetual Ltd lifted its position in shares of Tetra Tech by 1.4% in the third quarter. Perpetual Ltd now owns 432,995 shares of the industrial products company’s stock valued at $14,267,000 after buying an additional 6,048 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Tetra Tech by 21.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,243 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 742 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Royal Bank Of Canada dropped their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday. National Bank Financial cut their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded up $0.89 during midday trading on Thursday, reaching $34.50. The company’s stock had a trading volume of 911,063 shares, compared to its average volume of 2,948,598. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The business’s 50 day moving average price is $35.26 and its two-hundred day moving average price is $31.82. The company has a market cap of $8.83 billion, a P/E ratio of 20.75 and a beta of 0.95.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. 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. On average, analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $0.0720 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is currently 17.47%.

Tetra Tech Company Profile

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.