Corient Private Wealth LLC Sells 225,124 Shares of Tetra Tech, Inc. $TTEK

Corient Private Wealth LLC cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 12.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,537,293 shares of the industrial products company’s stock after selling 225,124 shares during the quarter. Corient Private Wealth LLC’s holdings in Tetra Tech were worth $51,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Capital International Investors boosted 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 valued at $236,320,000 after acquiring an additional 5,051,485 shares during the last quarter. Norges Bank purchased a new position in shares of Tetra Tech during the fourth quarter valued at approximately $115,162,000. Impax Asset Management Group plc purchased a new position in shares of Tetra Tech during the fourth quarter valued at approximately $107,603,000. AQR Capital Management LLC lifted its position 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 valued at $96,440,000 after purchasing an additional 2,238,721 shares during the period. Finally, Sands Capital Management LLC lifted its position in Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after purchasing an additional 1,978,697 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $27.36 on Monday. The stock’s 50-day simple moving average is $29.14 and its two-hundred day simple moving average is $32.82. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 16.38 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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. Analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio is currently 17.37%.

Analysts Set New Price Targets

A number of equities research analysts have commented on TTEK shares. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 price target on Tetra Tech in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the transaction, the director 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.