Tetra Tech, Inc. $TTEK Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2,004.3% in the first quarter, HoldingsChannel.com reports. The firm owned 78,175 shares of the industrial products company’s stock after buying an additional 74,460 shares during the quarter. Fifth Third Bancorp’s holdings in Tetra Tech were worth $2,355,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. First Horizon Corp grew its position in shares of Tetra Tech by 50.4% in 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 during the period. CIBC Private Wealth Group LLC increased its stake in shares of Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new position in shares of Tetra Tech during the 1st quarter worth about $34,000. Geneos Wealth Management Inc. lifted its stake in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Tetra Tech in the 3rd quarter valued at about $53,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTEK. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. National Bank Financial reduced their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Robert W. Baird set a $35.00 price objective on Tetra Tech in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $30.51 on Wednesday. The stock has a market cap of $7.92 billion, a PE ratio of 18.27 and a beta of 0.92. 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, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The stock has a fifty day simple moving average of $28.68 and a 200-day simple moving average of $32.17.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share 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 net margin of 8.58% and a return on equity of 22.89%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last 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. Equities analysts anticipate that Tetra Tech, Inc. will post 1.54 earnings per share for the current year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were given a dividend of $0.072 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s dividend payout ratio is presently 17.37%.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

About Tetra Tech

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.