Hsbc Holdings PLC Has $19.88 Million Stake in Tetra Tech, Inc. $TTEK

Hsbc Holdings PLC grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 589,538 shares of the industrial products company’s stock after buying an additional 210,131 shares during the period. Hsbc Holdings PLC owned 0.23% of Tetra Tech worth $19,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TTEK. Pacer Advisors Inc. raised its position in shares of Tetra Tech by 16.5% in the 4th quarter. Pacer Advisors Inc. now owns 69,553 shares of the industrial products company’s stock worth $2,333,000 after acquiring an additional 9,844 shares in the last quarter. Kera Capital Partners Inc. acquired a new stake in Tetra Tech during the fourth quarter worth approximately $350,000. Vancity Investment Management Ltd increased its holdings in Tetra Tech by 4.1% in the fourth quarter. Vancity Investment Management Ltd now owns 35,603 shares of the industrial products company’s stock worth $1,194,000 after purchasing an additional 1,392 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Tetra Tech in the fourth quarter worth approximately $287,000. Finally, Empowered Funds LLC acquired a new position in Tetra Tech in the fourth quarter valued at approximately $124,000. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the transaction, the director directly owned 1,900 shares in the company, valued at approximately $50,179. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $30.93 on Wednesday. The business has a 50-day simple moving average of $28.63 and a 200 day simple moving average of $32.39. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 18.52 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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, research analysts anticipate that Tetra Tech, Inc. will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s payout ratio is 16.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TTEK shares. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.