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

Cooke & Bieler LP reduced its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 24.2% during the third quarter, according to its most recent Form 13F filing 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 quarter. Cooke & Bieler LP owned 0.53% of Tetra Tech worth $44,589,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in Tetra Tech by 0.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 748,829 shares of the industrial products company’s stock worth $24,674,000 after purchasing an additional 4,998 shares in the last quarter. Novem Group bought a new stake in shares of Tetra Tech during the 3rd quarter valued at $205,000. IFP Advisors Inc boosted its holdings in shares of Tetra Tech by 51.6% during the 3rd quarter. IFP Advisors Inc now owns 3,475 shares of the industrial products company’s stock valued at $115,000 after buying an additional 1,183 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Tetra Tech by 581.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,065 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 2,615 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Tetra Tech by 562.0% in the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,169 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Royal Bank Of Canada cut their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. KeyCorp restated an “overweight” rating and issued a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. National Bank Financial lowered their target price 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. Finally, Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Tetra Tech Stock Up 0.3%

Shares of Tetra Tech stock opened at $35.05 on Thursday. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 22.41 and a beta of 0.95. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s 50-day moving average is $35.22 and its two-hundred day moving average is $31.98.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company’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, research analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.0720 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s payout ratio is currently 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.