Allianz Asset Management GmbH Reduces Stock Position in Tetra Tech, Inc. $TTEK

Allianz Asset Management GmbH decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 14.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,721,206 shares of the industrial products company’s stock after selling 298,366 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.66% of Tetra Tech worth $57,454,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC increased its holdings in Tetra Tech by 43.0% during the 3rd quarter. WCM Investment Management LLC now owns 82,016 shares of the industrial products company’s stock valued at $2,758,000 after purchasing an additional 24,673 shares during the period. AGF Management Ltd. grew its position in shares of Tetra Tech by 6.2% in the 3rd quarter. AGF Management Ltd. now owns 89,482 shares of the industrial products company’s stock worth $2,987,000 after buying an additional 5,260 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Tetra Tech by 65.7% during the third quarter. Jones Financial Companies Lllp now owns 2,979 shares of the industrial products company’s stock valued at $99,000 after buying an additional 1,181 shares during the period. State of Wyoming raised its holdings in shares of Tetra Tech by 284.4% during the third quarter. State of Wyoming now owns 15,342 shares of the industrial products company’s stock valued at $512,000 after acquiring an additional 11,351 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its holdings in shares of Tetra Tech by 63.7% during the third quarter. Gitterman Wealth Management LLC now owns 30,211 shares of the industrial products company’s stock valued at $1,008,000 after acquiring an additional 11,754 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK stock opened at $40.72 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.31. The firm has a 50 day moving average price of $35.45 and a 200-day moving average price of $35.19. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $40.88. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 30.62 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same quarter last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s dividend payout ratio is 19.55%.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, November 13th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Finally, National Bank Financial assumed coverage on Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

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.