Tetra Tech, Inc. $TTEK Stock Sold by Cooke & Bieler LP

Cooke & Bieler LP reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,353,243 shares of the industrial products company’s stock after selling 432,160 shares during the period. Cooke & Bieler LP’s holdings in Tetra Tech were worth $44,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Energy Income Partners LLC acquired a new position in Tetra Tech during the second quarter worth $68,512,000. Bank of America Corp DE acquired a new stake in shares of Tetra Tech in the second quarter valued at $57,135,000. Corient Private Wealth LP acquired a new position in shares of Tetra Tech during the second quarter worth about $44,964,000. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Tetra Tech in the 2nd quarter valued at $43,750,380. Finally, Legal & General Group Plc purchased a new stake in Tetra Tech during the 2nd quarter worth about $27,327,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTEK has been the topic of several research reports. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. National Bank Financial decreased their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, KeyCorp restated an “overweight” rating and set a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $35.05 on Thursday. The company has a market cap of $8.97 billion, a PE ratio of 22.41 and a beta of 0.95. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company’s fifty day simple moving average is $35.22 and its 200-day simple moving average is $31.98.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, equities research analysts anticipate that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.0720 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s payout ratio is 17.47%.

Tetra Tech Company Profile

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.