Pensioenfonds Rail & OV Buys New Shares in Tetra Tech, Inc. $TTEK

Pensioenfonds Rail & OV purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the third quarter, Holdings Channel reports. The firm purchased 149,752 shares of the industrial products company’s stock, valued at approximately $4,934,000. Tetra Tech comprises about 1.3% of Pensioenfonds Rail & OV’s portfolio, making the stock its 29th largest position.

Other hedge funds have also bought and sold shares of the company. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech in the first quarter worth $35,000. Mather Group LLC. grew its stake in Tetra Tech by 562.0% in the 3rd quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,169 shares during the period. Root Financial Partners LLC bought a new position in Tetra Tech in the 3rd quarter valued at $64,000. Signaturefd LLC increased its position in shares of Tetra Tech by 65.0% during the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 784 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Tetra Tech by 16.5% during the 3rd quarter. Parallel Advisors LLC now owns 2,285 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 323 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TTEK shares. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Royal Bank Of Canada reduced their price target on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. KeyCorp raised their price objective on shares of Tetra Tech from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on shares of Tetra Tech from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $40.25.

Tetra Tech Stock Performance

Tetra Tech stock traded down $0.60 during midday trading on Friday, reaching $38.83. The stock had a trading volume of 3,143,012 shares, compared to its average volume of 2,959,370. The firm has a market capitalization of $9.94 billion, a PE ratio of 22.98 and a beta of 0.86. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $36.06 and its 200 day moving average price is $33.27.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 11th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 8.67% and a return on equity of 22.37%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. As a group, research analysts predict that Tetra Tech, Inc. will post 1.74 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.0720 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 2nd. Tetra Tech’s dividend payout ratio is presently 17.16%.

Key Tetra Tech News

Here’s some of the latest news about TTEK:

• Positive Sentiment: Tetra Tech reported fourth-quarter adjusted EPS of $0.49, above the $0.47 consensus and up from $0.45 a year earlier. Net revenue rose 5% year over year to $1.15 billion, with reports indicating results beat or met estimates. Shares rallied after the release. Benzinga report on the earnings-driven move
• Positive Sentiment: Funded backlog reached $4.67 billion, while new orders exceeded $1.6 billion—indicators of future project revenue and demand. Coverage also highlighted water projects and stronger cash flow as growth supports. Benzinga backlog report
• Positive Sentiment: KeyCorp raised its price target to $42 from $41 and maintained an Overweight rating. Baird also lifted its target, to $40 from $37, while keeping a Neutral rating. KeyCorp rating update

Tetra Tech Company Profile

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.