Public Employees Retirement System of Ohio Makes New $2.23 Million Investment in Tetra Tech, Inc. $TTEK

Public Employees Retirement System of Ohio bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 77,042 shares of the industrial products company’s stock, valued at approximately $2,226,000.

Several other hedge funds have also recently modified their holdings of the stock. Corient Private Wealth LP purchased a new position in Tetra Tech in the 2nd quarter valued at $44,964,000. Ausdal Financial Partners Inc. purchased a new position in Tetra Tech during the 2nd quarter worth $554,000. Bank of America Corp DE purchased a new stake in shares of Tetra Tech in the second quarter valued at about $57,135,000. Freestone Grove Partners LP acquired a new position in shares of Tetra Tech during the second quarter worth about $2,923,000. Finally, Jupiter Topco LLC purchased a new position in Tetra Tech during the second quarter worth about $6,673,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Tetra Tech stock opened at $35.91 on Friday. The firm has a market capitalization of $9.19 billion, a PE ratio of 21.63 and a beta of 0.90. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The firm’s 50-day simple moving average is $33.51 and its 200 day simple moving average is $31.68. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. 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 research analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

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

Analyst Upgrades and Downgrades

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

Tetra Tech 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.