PGGM Investments Boosts Position in Tetra Tech, Inc. $TTEK

PGGM Investments lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,381,017 shares of the industrial products company’s stock after acquiring an additional 281,110 shares during the period. PGGM Investments owned 0.53% of Tetra Tech worth $46,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Capital International Inc. CA purchased a new stake in shares of Tetra Tech during the 3rd quarter valued at approximately $2,067,000. Impax Asset Management Group plc purchased a new position in Tetra Tech in the fourth quarter worth approximately $107,603,000. LGT Group Foundation grew its position in Tetra Tech by 6.3% in the third quarter. LGT Group Foundation now owns 2,978,570 shares of the industrial products company’s stock worth $98,859,000 after acquiring an additional 176,302 shares during the period. Capital International Investors grew its position in Tetra Tech by 249.1% in the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after acquiring an additional 5,051,485 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in Tetra Tech by 585.1% in the third quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 55,001 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK opened at $27.65 on Tuesday. The firm has a market cap of $7.18 billion, a P/E ratio of 16.56 and a beta of 1.00. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company’s 50-day moving average price is $30.34 and its 200 day moving average price is $33.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. Tetra Tech’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. 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. On average, sell-side analysts forecast that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.

Analyst Upgrades and Downgrades

TTEK has been the subject of several analyst reports. Robert W. Baird set a $35.00 price objective on Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Buying and Selling 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 stock was purchased at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.