Y Intercept Hong Kong Ltd Increases Stake in Tetra Tech, Inc. $TTEK

Y Intercept Hong Kong Ltd lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 179.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,564 shares of the industrial products company’s stock after buying an additional 32,480 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tetra Tech were worth $1,688,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TTEK. ProShare Advisors LLC grew its holdings in Tetra Tech by 2.5% during the 2nd quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 285 shares in the last quarter. US Bancorp DE grew its stake in shares of Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 299 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Tetra Tech by 3.9% during the third quarter. Verdence Capital Advisors LLC now owns 8,514 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 319 shares in the last quarter. MAI Capital Management raised its stake in 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in 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 buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of recent analyst reports. Northcoast Research upgraded 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. Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. National Bank Financial assumed coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $42.60.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $38.22 on Friday. The stock’s 50-day moving average price is $35.04 and its 200 day moving average price is $35.16. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.98 billion, a PE ratio of 28.74 and a beta of 0.90. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $40.88.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Tetra Tech had a return on equity of 24.36% and a net margin of 6.73%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. During the same period last year, the business posted $0.35 EPS. The company’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. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

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

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.