Mirova Acquires 20,451 Shares of Tetra Tech, Inc. $TTEK

Mirova raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,280 shares of the industrial products company’s stock after acquiring an additional 20,451 shares during the period. Mirova owned about 0.06% of Tetra Tech worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Capital International Investors lifted its holdings in shares of Tetra Tech by 249.1% during the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after purchasing an additional 5,051,485 shares in the last quarter. Norges Bank acquired a new stake in Tetra Tech during the 2nd quarter worth approximately $104,843,000. Sands Capital Management LLC raised its holdings in Tetra Tech by 38.0% during the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after buying an additional 1,978,697 shares during the period. Corient Private Wealth LLC lifted its stake in Tetra Tech by 84.9% in the second 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Tetra Tech by 136.5% in the first 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. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $30.78 on Thursday. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $43.14. The company’s fifty day simple moving average is $36.34 and its 200-day simple moving average is $34.95. The firm has a market cap of $8.03 billion, a PE ratio of 23.14 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45.

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

Tetra Tech Announces Dividend

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

Analysts Set New Price Targets

TTEK has been the subject of several research reports. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $43.00 price target 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 stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $42.60.

Insider Activity

In related news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the sale, the senior vice president owned 46,496 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

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.