Ameritas Investment Partners Inc. Sells 2,103,715 Shares of Tetra Tech, Inc. $TTEK

Ameritas Investment Partners Inc. lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 96.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,947 shares of the industrial products company’s stock after selling 2,103,715 shares during the period. Ameritas Investment Partners Inc.’s holdings in Tetra Tech were worth $2,335,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TTEK. Bfsg LLC acquired a new stake in Tetra Tech in the third quarter valued at $25,000. Financial Consulate Inc. bought a new stake in shares of Tetra Tech in the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in shares of Tetra Tech in the third quarter valued at about $30,000. MAI Capital Management raised its position in shares of Tetra Tech by 68.1% during the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 344 shares during the last quarter. Finally, True Wealth Design LLC lifted its stake in shares of Tetra Tech by 228.6% in the third quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 704 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a report on Thursday, January 29th. Finally, Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.60.

Tetra Tech Price Performance

Shares of TTEK opened at $33.54 on Tuesday. The business’s fifty day moving average is $36.40 and its 200 day moving average is $35.23. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $43.14. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8.75 billion, a P/E ratio of 25.22 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same quarter in the previous year, the business posted $0.35 EPS. Tetra Tech’s quarterly revenue 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. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.49% of the company’s stock.

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.