Energy Income Partners LLC Invests $68.51 Million in Tetra Tech, Inc. $TTEK

Energy Income Partners LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,371,465 shares of the industrial products company’s stock, valued at approximately $68,512,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Tetra Tech in the 4th quarter valued at approximately $115,162,000. Impax Asset Management Group plc bought a new stake in shares of Tetra Tech during the fourth quarter worth $107,603,000. AQR Capital Management LLC increased its holdings in shares of Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after buying an additional 2,238,721 shares in the last quarter. Capital International Investors lifted its stake in shares of Tetra Tech by 27.4% in the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after acquiring an additional 1,936,902 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of 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 valued at $147,095,000 after acquiring an additional 1,847,087 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK opened at $35.40 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $31.32 and its two-hundred day simple moving average is $31.90. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The stock has a market capitalization of $9.06 billion, a P/E ratio of 21.33 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. 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, analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of research reports. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Robert W. Baird set a $37.00 price target on Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada lowered their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, National Bank Financial reduced their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Company 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.