The Manufacturers Life Insurance Company Makes New Investment in Tetra Tech, Inc. $TTEK

The Manufacturers Life Insurance Company purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 187,838 shares of the industrial products company’s stock, valued at approximately $5,427,000. The Manufacturers Life Insurance Company owned 0.07% of Tetra Tech as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Tetra Tech in the 4th quarter worth approximately $115,162,000. Energy Income Partners LLC acquired a new position in Tetra Tech during the second quarter worth $68,512,000. AQR Capital Management LLC raised its holdings in 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 purchasing an additional 2,238,721 shares during the last quarter. Capital International Investors boosted its position in Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after purchasing an additional 1,936,902 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after purchasing an additional 1,847,087 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

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

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $36.14 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average price is $32.92 and its two-hundred day moving average price is $31.68. The stock has a market cap of $9.25 billion, a PE ratio of 21.77 and a beta of 0.90. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping 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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.072 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is presently 16.87%.

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.