Energy Income Partners LLC Purchases Shares of 2,371,465 Tetra Tech, Inc. $TTEK

Energy Income Partners LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,371,465 shares of the industrial products company’s stock, valued at approximately $68,512,000. Energy Income Partners LLC owned 0.93% of Tetra Tech at the end of the most recent reporting period.

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

Tetra Tech Stock Down 1.2%

NASDAQ TTEK opened at $35.40 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 21.33 and a beta of 0.90. The company has a 50 day moving average of $31.32 and a 200-day moving average of $31.90. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data 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. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.43 EPS. The company’s revenue was down 4.4% on a year-over-year basis. 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, equities research analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is currently 17.47%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTEK. Royal Bank Of Canada lowered their price target 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 Tetra Tech in a research report on Thursday, July 30th. 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 report on Monday, July 13th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $38.25.

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.