Capital Group Investment Management PTE. LTD. Takes $819,000 Position in Tetra Tech, Inc. $TTEK

Capital Group Investment Management PTE. LTD. purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,540 shares of the industrial products company’s stock, valued at approximately $819,000.

A number of other large investors have also added to or reduced their stakes in TTEK. Bfsg LLC bought a new position in shares of Tetra Tech during the 3rd quarter valued at approximately $25,000. Financial Consulate Inc. bought a new position in Tetra Tech during the third quarter valued at $26,000. Root Financial Partners LLC purchased a new stake in Tetra Tech in the third quarter worth $30,000. MAI Capital Management raised its stake in shares of Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after buying an additional 344 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of Tetra Tech by 228.6% during the 3rd quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock valued at $34,000 after buying an additional 704 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $35.14 on Tuesday. The company’s fifty day moving average price is $36.57 and its 200-day moving average price is $35.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 26.42 and a beta of 0.90. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.14.

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

Tetra Tech Announces Dividend

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

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 value of $401,455.17. Following the transaction, the senior vice president directly owned 46,496 shares of the company’s stock, valued at $1,870,534.08. The trade was a 17.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.