Tetra Tech, Inc. $TTEK Shares Purchased by PGGM Investments

PGGM Investments increased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 25.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,381,017 shares of the industrial products company’s stock after buying an additional 281,110 shares during the quarter. PGGM Investments’ holdings in Tetra Tech were worth $46,319,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp raised its holdings in Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 295 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Tetra Tech by 3.7% in the third quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 328 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in Tetra Tech by 4.3% in the third quarter. Transcend Capital Advisors LLC now owns 8,291 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 340 shares in the last quarter. Larson Financial Group LLC raised its holdings in Tetra Tech by 26.9% in the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 358 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Tetra Tech by 4.2% in the third quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $27.65 on Tuesday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 16.56 and a beta of 1.00. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $30.34 and its two-hundred day moving average is $33.66.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. 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 forecast that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a $0.072 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, May 14th. Tetra Tech’s payout ratio is currently 17.37%.

Analyst Ratings Changes

Several brokerages recently weighed in on TTEK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Buying and Selling

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

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.