Ameritas Investment Partners Inc. Sells 2,103,715 Shares of Tetra Tech, Inc. $TTEK

Ameritas Investment Partners Inc. trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 96.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,947 shares of the industrial products company’s stock after selling 2,103,715 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Tetra Tech were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TTEK. Ninety One UK Ltd increased its position in Tetra Tech by 2.8% in the third quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock worth $95,809,000 after buying an additional 78,332 shares during the last quarter. King Luther Capital Management Corp lifted its position in shares of Tetra Tech by 6.8% during the 2nd quarter. King Luther Capital Management Corp now owns 1,643,157 shares of the industrial products company’s stock valued at $59,088,000 after buying an additional 105,286 shares during the last quarter. PGGM Investments grew its stake in shares of Tetra Tech by 32.2% during the 3rd quarter. PGGM Investments now owns 1,099,907 shares of the industrial products company’s stock worth $36,715,000 after acquiring an additional 268,174 shares during the period. Quadrant Capital Group LLC increased its holdings in Tetra Tech by 218.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 25,030 shares of the industrial products company’s stock worth $900,000 after acquiring an additional 17,174 shares during the last quarter. Finally, LBP AM SA raised its stake in Tetra Tech by 68.4% in the 3rd quarter. LBP AM SA now owns 345,230 shares of the industrial products company’s stock valued at $11,524,000 after acquiring an additional 140,219 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In other news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, November 13th. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Robert W. Baird set a $43.00 price target on Tetra Tech in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Tetra Tech Trading Down 7.7%

TTEK stock opened at $33.54 on Tuesday. The company has a market capitalization of $8.75 billion, a PE ratio of 25.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.14. The company’s 50 day moving average price is $36.40 and its two-hundred day moving average price is $35.23.

Tetra Tech (NASDAQ:TTEK) last released 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. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. 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, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be issued a $0.065 dividend. The ex-dividend date is Thursday, February 12th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is 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.