Lombard Odier Asset Management Europe Ltd Has $2.62 Million Position in Tetra Tech, Inc. $TTEK

Lombard Odier Asset Management Europe Ltd lowered its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,962 shares of the industrial products company’s stock after selling 17,936 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Tetra Tech were worth $2,619,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp boosted its holdings in Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised 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 worth $30,000 after buying an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new position in shares of Tetra Tech during the 1st quarter worth approximately $34,000. Geneos Wealth Management Inc. lifted its position in shares of 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 buying an additional 751 shares during the period. Finally, Danske Bank A S acquired a new stake in Tetra Tech in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In related news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction 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 acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of analyst reports. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research note on Thursday, April 30th. Royal Bank Of Canada lowered their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Tetra Tech currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

Tetra Tech Trading Up 3.7%

TTEK stock opened at $31.71 on Friday. The business has a fifty day moving average price of $28.96 and a 200 day moving average price of $32.13. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 18.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25.

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 during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were issued a $0.072 dividend. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.

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.