Hsbc Holdings PLC Acquires Shares of 628,625 Tetra Tech, Inc. $TTEK

Hsbc Holdings PLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to its most recent filing with the SEC. The fund purchased 628,625 shares of the industrial products company’s stock, valued at approximately $17,955,000. Hsbc Holdings PLC owned about 0.25% of Tetra Tech at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors raised its stake in Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after acquiring an additional 1,936,902 shares during the period. Geode Capital Management LLC boosted its position in Tetra Tech by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock valued at $170,496,000 after purchasing an additional 52,375 shares during the period. Corient Private Wealth LLC grew its stake in Tetra Tech by 84.9% during the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its position in Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after buying an additional 112,560 shares during the period. Finally, Norges Bank bought a new position in shares of Tetra Tech during the fourth quarter worth about $115,162,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $36.64 on Friday. The stock’s fifty day simple moving average is $32.56 and its 200 day simple moving average is $31.77. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 22.07 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Tetra Tech’s revenue was down 4.4% compared to the same quarter last year. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. National Bank Financial cut their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Royal Bank Of Canada reduced their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

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.