Pictet Asset Management Holding SA Trims Stake in Tetra Tech, Inc. $TTEK

Pictet Asset Management Holding SA lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 13.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 9,644,792 shares of the industrial products company’s stock after selling 1,559,554 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Tetra Tech were worth $290,488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. First Horizon Corp boosted its holdings in shares of 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 during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares during the period. OP Asset Management Ltd purchased a new stake in Tetra Tech in the 1st quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the period. Finally, Danske Bank A S purchased a new position in Tetra Tech during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 2.9%

TTEK stock opened at $29.26 on Friday. The stock has a market capitalization of $7.59 billion, a PE ratio of 17.52 and a beta of 0.93. The company has a fifty day moving average of $28.87 and a 200-day moving average of $32.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the company 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. As a group, analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a dividend of $0.072 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TTEK. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

About Tetra Tech

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.