First Trust Advisors LP Has $66.14 Million Stock Holdings in Tetra Tech, Inc. $TTEK

First Trust Advisors LP boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 52.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,981,493 shares of the industrial products company’s stock after purchasing an additional 679,424 shares during the period. First Trust Advisors LP’s holdings in Tetra Tech were worth $66,142,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bfsg LLC acquired a new position in shares of Tetra Tech during the 3rd quarter worth approximately $25,000. Financial Consulate Inc. acquired a new stake in Tetra Tech during the 3rd quarter valued at $26,000. MAI Capital Management boosted its position in Tetra Tech by 68.1% during the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 344 shares during the period. Root Financial Partners LLC bought a new position in Tetra Tech during the third quarter worth $30,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Tetra Tech by 54.5% in the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 348 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Tetra Tech Trading Down 4.5%

TTEK stock opened at $33.56 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. The company’s 50-day simple moving average is $36.56 and its 200 day simple moving average is $35.13. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $43.14. The company has a market capitalization of $8.75 billion, a PE ratio of 25.23 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. 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. As a group, sell-side analysts anticipate 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. Stockholders of record on Thursday, February 12th were given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, February 12th. Tetra Tech’s payout ratio is presently 19.55%.

Insider Activity

In related news, SVP Brian N. Carter sold 9,979 shares of the business’s 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 completion of the sale, the senior vice president directly owned 46,496 shares in the company, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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.