Rockefeller Capital Management L.P. Sells 22,125 Shares of Tetra Tech, Inc. $TTEK

Rockefeller Capital Management L.P. lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,452 shares of the industrial products company’s stock after selling 22,125 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.21% of Tetra Tech worth $18,630,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its holdings in shares of Tetra Tech by 249.1% during the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after acquiring an additional 5,051,485 shares during the last quarter. Norges Bank purchased a new stake in Tetra Tech during the fourth quarter valued at about $115,162,000. Impax Asset Management Group plc purchased a new stake in Tetra Tech during the fourth quarter valued at about $107,603,000. AQR Capital Management LLC lifted its stake in Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after purchasing an additional 2,238,721 shares during the last quarter. Finally, Sands Capital Management LLC boosted its holdings in shares of Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after purchasing an additional 1,978,697 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction that occurred on 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 transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Tetra Tech Stock Performance

Shares of TTEK opened at $28.04 on Wednesday. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The stock has a market cap of $7.28 billion, a P/E ratio of 16.79 and a beta of 0.93. The business’s 50 day moving average price is $29.02 and its 200-day moving average price is $32.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The company’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. 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 anticipate that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a $0.072 dividend. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, May 14th. Tetra Tech’s payout ratio is currently 17.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTEK shares. Robert W. Baird set a $35.00 price objective on Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech 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.