Renaissance Technologies LLC Has $13.66 Million Holdings in Tetra Tech, Inc. $TTEK

Renaissance Technologies LLC decreased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 10.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 453,600 shares of the industrial products company’s stock after selling 55,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Tetra Tech were worth $13,662,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TTEK. First Horizon Corp increased its holdings in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Tetra Tech by 63.3% in 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 last quarter. OP Asset Management Ltd bought a new position in shares of Tetra Tech in the first quarter valued at approximately $34,000. Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of Tetra Tech during the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In other Tetra Tech 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 cost of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by insiders.

Tetra Tech Stock Performance

TTEK stock opened at $33.16 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market cap of $8.61 billion, a PE ratio of 19.98 and a beta of 0.92. The business has a 50 day moving average of $29.52 and a 200-day moving average of $32.06. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.Tetra Tech’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, sell-side analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

Analysts Set New Price Targets

A number of research firms recently commented on TTEK. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $38.25.

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.