Fisher Asset Management LLC Has $23.68 Million Stake in Tetra Tech, Inc. $TTEK

Fisher Asset Management LLC trimmed its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 709,366 shares of the industrial products company’s stock after selling 16,258 shares during the quarter. Fisher Asset Management LLC’s holdings in Tetra Tech were worth $23,679,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC grew its holdings in Tetra Tech by 41.2% during the third quarter. Journey Strategic Wealth LLC now owns 7,967 shares of the industrial products company’s stock valued at $266,000 after purchasing an additional 2,325 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Tetra Tech by 3.7% during the 3rd quarter. Bahl & Gaynor Inc. now owns 222,951 shares of the industrial products company’s stock worth $7,442,000 after buying an additional 7,933 shares during the period. River Wealth Advisors LLC grew its stake in Tetra Tech by 3.7% in the 3rd quarter. River Wealth Advisors LLC now owns 148,907 shares of the industrial products company’s stock valued at $4,971,000 after buying an additional 5,336 shares during the last quarter. Quantbot Technologies LP raised its holdings in Tetra Tech by 964.6% in the 3rd quarter. Quantbot Technologies LP now owns 42,786 shares of the industrial products company’s stock worth $1,428,000 after acquiring an additional 38,767 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in Tetra Tech by 229.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 13,828 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 9,628 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $36.45 on Wednesday. The firm has a market capitalization of $9.51 billion, a PE ratio of 27.41 and a beta of 0.90. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $43.14. The business’s 50 day moving average is $36.48 and its 200-day moving average is $35.17.

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

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s dividend payout ratio is 19.55%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the sale, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.