Handelsbanken Fonder AB Purchases 268,420 Shares of Tetra Tech, Inc. $TTEK

Handelsbanken Fonder AB lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 108.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,043 shares of the industrial products company’s stock after acquiring an additional 268,420 shares during the period. Handelsbanken Fonder AB’s holdings in Tetra Tech were worth $17,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp lifted its holdings in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Root Financial Partners LLC bought a new stake in shares of Tetra Tech during the 3rd quarter worth approximately $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares during the period. Danske Bank A S bought a new stake in shares of Tetra Tech during the 3rd quarter worth approximately $53,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in Tetra Tech by 84.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 801 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $27.43 on Thursday. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 16.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $30.69 and a 200 day simple moving average of $33.76. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. Tetra Tech’s 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. Research analysts predict that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

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

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.