iA Global Asset Management Inc. Has $11.73 Million Stock Position in Tetra Tech, Inc. $TTEK

iA Global Asset Management Inc. lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 45.7% during the first quarter, Holdings Channel reports. The firm owned 389,511 shares of the industrial products company’s stock after selling 328,168 shares during the period. iA Global Asset Management Inc.’s holdings in Tetra Tech were worth $11,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Corp boosted its holdings in Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Tetra Tech in the first quarter worth about $34,000. Geneos Wealth Management Inc. lifted its position in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Tetra Tech in the third quarter worth about $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Up 0.0%

Shares of Tetra Tech stock opened at $28.89 on Wednesday. The company’s fifty day simple moving average is $28.76 and its 200-day simple moving average is $32.54. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 17.30 and a beta of 0.93. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $0.33 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s payout ratio is presently 17.37%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler acquired 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the transaction, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible 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.