Y Intercept Hong Kong Ltd Boosts Holdings in Tetra Tech, Inc. $TTEK

Y Intercept Hong Kong Ltd grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 77.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,492 shares of the industrial products company’s stock after acquiring an additional 106,792 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Tetra Tech were worth $7,364,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Horizon Corp grew its holdings in Tetra Tech by 50.4% in 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 during the period. CIBC Private Wealth Group LLC raised its stake in Tetra Tech by 63.3% during the fourth 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 during the period. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 358 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Tetra Tech by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 414 shares during the last quarter. Finally, Groupe la Francaise grew its stake 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 valued at $402,000 after buying an additional 500 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $29.90 on Friday. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The company’s 50 day moving average price is $28.64 and its 200 day moving average price is $32.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 17.90 and a beta of 0.92.

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

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were given a dividend of $0.072 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. Tetra Tech’s dividend payout ratio is currently 17.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTEK. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 price target on Tetra Tech in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.