Handelsbanken Fonder AB Purchases 31,147 Shares of Tetra Tech, Inc. $TTEK

Handelsbanken Fonder AB grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 7.4% in the second quarter, HoldingsChannel reports. The fund owned 449,922 shares of the industrial products company’s stock after buying an additional 31,147 shares during the period. Handelsbanken Fonder AB’s holdings in Tetra Tech were worth $12,998,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Impax Asset Management Group plc acquired a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $107,603,000. Systematic Financial Management LP grew its position in Tetra Tech by 56.5% during the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after buying an additional 103,582 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Tetra Tech by 69.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock worth $7,275,000 after acquiring an additional 88,745 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Tetra Tech by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock worth $33,293,000 after acquiring an additional 74,530 shares during the period. Finally, Nicola Wealth Management LTD. acquired a new position in Tetra Tech in the 4th quarter valued at $12,242,000. 93.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTEK shares. Royal Bank Of Canada cut their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. National Bank Financial cut their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $36.43 on Friday. The stock’s 50-day simple moving average is $30.84 and its 200 day simple moving average is $31.92. The firm has a market capitalization of $9.33 billion, a PE ratio of 21.95 and a beta of 0.90. 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, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. 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, analysts anticipate that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s dividend payout ratio is presently 16.87%.

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.