Hsbc Holdings PLC Grows Position in Tetra Tech, Inc. $TTEK

Hsbc Holdings PLC raised its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 55.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 589,538 shares of the industrial products company’s stock after acquiring an additional 210,131 shares during the period. Hsbc Holdings PLC’s holdings in Tetra Tech were worth $19,882,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Corp lifted its position in shares of Tetra Tech by 50.4% during 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 in the last quarter. CIBC Private Wealth Group LLC grew its position in Tetra Tech by 63.3% in the 4th 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. Larson Financial Group LLC increased its stake in Tetra Tech by 26.9% in the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after buying an additional 358 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Tetra Tech by 4.2% during the 3rd quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock worth $347,000 after buying an additional 414 shares in the last quarter. Finally, Groupe la Francaise lifted its position in shares of Tetra Tech by 4.3% during the 4th quarter. Groupe la Francaise now owns 12,000 shares of the industrial products company’s stock worth $402,000 after buying an additional 500 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $30.93 on Wednesday. The company has a market capitalization of $8.03 billion, a PE ratio of 18.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a 50-day simple moving average of $28.63 and a 200 day simple moving average of $32.39.

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

Tetra Tech Increases Dividend

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

Analysts Set New Price Targets

TTEK has been the subject of several recent analyst reports. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Robert W. Baird set a $35.00 price target on Tetra Tech in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Insider Transactions at Tetra Tech

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.