Allianz Asset Management GmbH Lowers Position in Tetra Tech, Inc. $TTEK

Allianz Asset Management GmbH cut its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 14.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,721,206 shares of the industrial products company’s stock after selling 298,366 shares during the period. Allianz Asset Management GmbH’s holdings in Tetra Tech were worth $57,454,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TTEK. Sands Capital Management LLC grew its stake in Tetra Tech by 26.5% in the 2nd quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after acquiring an additional 1,089,599 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after buying an additional 1,847,087 shares during the period. Norges Bank acquired a new stake in shares of Tetra Tech in the second quarter worth $104,843,000. Ninety One UK Ltd raised its position in Tetra Tech by 2.8% during the third quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after acquiring an additional 78,332 shares in the last quarter. Finally, M&G PLC grew its position in shares of Tetra Tech by 150.1% during the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock valued at $86,994,000 after acquiring an additional 1,450,420 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent research reports. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 price target (up previously from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a report on Thursday, January 29th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, National Bank Financial assumed coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price target for the company. 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 presently has an average rating of “Moderate Buy” and an average price target of $42.60.

Tetra Tech Trading Up 4.4%

TTEK opened at $40.72 on Thursday. The business’s 50 day moving average is $35.45 and its two-hundred day moving average is $35.19. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 30.62 and a beta of 0.91. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $40.88. The company has a quick ratio of 1.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.45.

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

Tetra Tech Dividend Announcement

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 paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 12th. Tetra Tech’s payout ratio is currently 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.