Premier Fund Managers Ltd Acquires 114,588 Shares of Tetra Tech, Inc. $TTEK

Premier Fund Managers Ltd lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,420,250 shares of the industrial products company’s stock after purchasing an additional 114,588 shares during the period. Tetra Tech accounts for about 2.0% of Premier Fund Managers Ltd’s portfolio, making the stock its 17th biggest position. Premier Fund Managers Ltd owned 0.54% of Tetra Tech worth $47,775,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Tetra Tech in the fourth quarter worth $225,000. AQR Capital Management LLC boosted its position in shares of Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after purchasing an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Tetra Tech by 136.5% in 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 buying an additional 957,050 shares during the period. Geneos Wealth Management Inc. increased its position in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. Finally, CWM LLC raised its stake in Tetra Tech by 28.6% during the 2nd quarter. CWM LLC now owns 5,678 shares of the industrial products company’s stock worth $204,000 after buying an additional 1,264 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $36.32 on Friday. The company has a market capitalization of $9.47 billion, a PE ratio of 27.31 and a beta of 0.91. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $36.42 and its 200-day moving average price is $35.27. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $974.28 million. During the same period last year, the company posted $0.35 earnings per share. Tetra Tech’s quarterly revenue was down 13.4% compared to the same quarter last year. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 19.55%.

Analysts Set New Price Targets

Several research firms have weighed in on TTEK. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Robert W. Baird set a $43.00 price objective on Tetra Tech in a report on Thursday, January 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total value of $401,455.17. Following the transaction, the senior vice president directly owned 46,496 shares in the company, valued at $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

About Tetra Tech

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.