UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 41,877 Shares of Tetra Tech, Inc. $TTEK

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,106,392 shares of the industrial products company’s stock after selling 41,877 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Tetra Tech were worth $31,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Tetra Tech during the fourth quarter valued at about $225,000. AQR Capital Management LLC raised its holdings in shares of Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 worth $38,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Tetra Tech by 754.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after buying an additional 1,638 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tetra Tech Price Performance

Shares of Tetra Tech stock opened at $36.29 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The business’s 50 day simple moving average is $33.38 and its two-hundred day simple moving average is $31.65. The stock has a market capitalization of $9.29 billion, a P/E ratio of 21.86 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly 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. Analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. 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 is 16.87%.

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.