Rathbones Group PLC Sells 15,171 Shares of Tetra Tech, Inc. $TTEK

Rathbones Group PLC reduced its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 57.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,069 shares of the industrial products company’s stock after selling 15,171 shares during the period. Rathbones Group PLC’s holdings in Tetra Tech were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TTEK. Dynamic Technology Lab Private Ltd bought a new stake in Tetra Tech during the 3rd quarter worth approximately $1,606,000. Parallel Advisors LLC raised its holdings in shares of Tetra Tech by 13.0% in the third quarter. Parallel Advisors LLC now owns 4,982 shares of the industrial products company’s stock worth $166,000 after buying an additional 574 shares during the period. Blair William & Co. IL boosted its stake in shares of Tetra Tech by 1.5% during the third quarter. Blair William & Co. IL now owns 235,949 shares of the industrial products company’s stock valued at $7,876,000 after purchasing an additional 3,575 shares during the period. First Trust Advisors LP increased its position in shares of Tetra Tech by 52.2% during the third quarter. First Trust Advisors LP now owns 1,981,493 shares of the industrial products company’s stock worth $66,142,000 after acquiring an additional 679,424 shares during the period. Finally, HUB Investment Partners LLC lifted its holdings in shares of Tetra Tech by 65.1% in the 3rd quarter. HUB Investment Partners LLC now owns 9,841 shares of the industrial products company’s stock worth $328,000 after buying an additional 3,880 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the sale, the senior vice president 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

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

Tetra Tech Stock Down 4.5%

TTEK stock opened at $33.56 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The company has a market cap of $8.75 billion, a P/E ratio of 25.23 and a beta of 0.90. The company’s 50-day moving average price is $36.56 and its 200 day moving average price is $35.13. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. Tetra Tech’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. 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, research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s payout ratio is presently 19.55%.

Tetra Tech 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.