WBI Investments LLC Reduces Holdings in Tetra Tech, Inc. $TTEK

WBI Investments LLC decreased its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 73.5% in the 3rd quarter, Holdings Channel reports. The fund owned 15,074 shares of the industrial products company’s stock after selling 41,882 shares during the quarter. WBI Investments LLC’s holdings in Tetra Tech were worth $503,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTEK. Bfsg LLC bought a new position in Tetra Tech during the third quarter worth about $25,000. Financial Consulate Inc. purchased a new stake in shares of Tetra Tech during the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Tetra Tech during the 3rd quarter valued at approximately $30,000. MAI Capital Management grew its stake in Tetra Tech by 68.1% in the 2nd 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, True Wealth Design LLC raised its holdings in Tetra Tech by 228.6% during the 3rd quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 704 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $30.78 on Thursday. The stock’s 50-day simple moving average is $36.34 and its two-hundred day simple moving average is $34.95. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $43.14. The firm has a market capitalization of $8.03 billion, a P/E ratio of 23.14 and a beta of 0.90. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.Tetra Tech’s revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. 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 analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were issued a $0.065 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is presently 19.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTEK. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $43.00 target price on Tetra Tech in a report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $42.60.

Insider Buying and Selling at Tetra Tech

In other news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

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.