Robeco Schweiz AG Sells 777,707 Shares of Tetra Tech, Inc. $TTEK

Robeco Schweiz AG decreased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 25.1% in the third quarter, Holdings Channel.com reports. The fund owned 2,321,543 shares of the industrial products company’s stock after selling 777,707 shares during the period. Tetra Tech comprises about 1.4% of Robeco Schweiz AG’s holdings, making the stock its 21st biggest position. Robeco Schweiz AG’s holdings in Tetra Tech were worth $76,495,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. OP Asset Management Ltd bought a new stake in Tetra Tech in the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in Tetra Tech in the 1st quarter worth $35,000. Mather Group LLC. lifted 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 worth $45,000 after purchasing an additional 1,169 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Tetra Tech during the 3rd quarter valued at about $64,000. Finally, Signaturefd LLC boosted its holdings 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. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Trading Up 0.5%

TTEK stock opened at $36.98 on Friday. The firm has a fifty day moving average price of $35.24 and a 200 day moving average price of $32.06. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market cap of $9.47 billion, a PE ratio of 22.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. Tetra Tech’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. 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. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.0720 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is 17.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTEK. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Royal Bank Of Canada reduced their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. KeyCorp reissued an “overweight” rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday, October 15th. Finally, National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

About Tetra Tech

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.