Caxton Associates LLP Purchases Shares of 135,813 Tetra Tech, Inc. $TTEK

Caxton Associates LLP acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 1st quarter, Holdings Channel reports. The fund acquired 135,813 shares of the industrial products company’s stock, valued at approximately $4,091,000.

A number of other hedge funds have also modified their holdings of TTEK. Capital International Investors lifted its stake in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Tetra Tech by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after acquiring an additional 52,375 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after purchasing an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tetra Tech by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after purchasing an additional 112,560 shares during the last quarter. Finally, Norges Bank bought a new position in Tetra Tech in the fourth quarter valued at $115,162,000. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TTEK shares. National Bank Financial decreased their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada decreased their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.80.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $30.57 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $7.93 billion, a P/E ratio of 18.31 and a beta of 0.92. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The stock has a 50 day moving average of $28.85 and a 200-day moving average of $32.13.

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

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio is presently 17.37%.

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.