California Public Employees Retirement System Sells 19,123 Shares of Tetra Tech, Inc. $TTEK

California Public Employees Retirement System trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 498,245 shares of the industrial products company’s stock after selling 19,123 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Tetra Tech worth $15,007,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TTEK. First Horizon Corp grew its holdings in Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares during the period. CIBC Private Wealth Group LLC raised its stake in 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 valued at $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd bought a new stake in Tetra Tech in the first quarter valued at approximately $34,000. Geneos Wealth Management Inc. lifted its position in shares of Tetra Tech by 136.1% in 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 acquired a new stake in shares of Tetra Tech in the third quarter valued at approximately $53,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tetra Tech

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Tetra Tech Price Performance

Tetra Tech stock opened at $30.57 on Friday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 18.31 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The stock’s 50 day moving average is $28.85 and its 200-day moving average is $32.13.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. Equities research analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio (DPR) is 17.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TTEK shares. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. National Bank Financial cut 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. Royal Bank Of Canada decreased 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. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.80.

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.