628,625 Shares in Tetra Tech, Inc. $TTEK Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 628,625 shares of the industrial products company’s stock, valued at approximately $17,955,000.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Tetra Tech in the 4th quarter valued at approximately $115,162,000. Energy Income Partners LLC purchased a new stake in shares of Tetra Tech during the second quarter worth $68,512,000. AQR Capital Management LLC boosted its position in Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after purchasing an additional 2,238,721 shares during the last quarter. Capital International Investors grew its stake in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after purchasing an additional 1,936,902 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after purchasing an additional 1,847,087 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $36.64 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $32.56 and its two-hundred day moving average is $31.77. The company has a market cap of $9.38 billion, a P/E ratio of 22.07 and a beta of 0.90. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.Tetra Tech’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. On average, equities analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s payout ratio is presently 17.47%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TTEK. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada lowered their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, National Bank Financial reduced their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.25.

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.