Corient Private Wealth LP Invests $44.96 Million in Tetra Tech, Inc. $TTEK

Corient Private Wealth LP bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,556,394 shares of the industrial products company’s stock, valued at approximately $44,964,000.

A number of other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC raised its position in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new stake in shares of Tetra Tech during the 1st quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in Tetra Tech during the first quarter worth approximately $35,000. Geneos Wealth Management Inc. increased its holdings in 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 worth $38,000 after purchasing an additional 751 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Tetra Tech in the third quarter valued at approximately $53,000. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTEK. Robert W. Baird set a $37.00 price target on Tetra Tech in a report on Thursday, July 30th. National Bank Financial lowered their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Royal Bank Of Canada reduced their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

Tetra Tech Stock Up 0.1%

Shares of NASDAQ:TTEK opened at $36.64 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The business’s 50 day simple moving average is $32.56 and its two-hundred day simple moving average is $31.77. The firm has a market cap of $9.38 billion, a P/E ratio of 22.07 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data 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 return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company 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 forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s payout ratio is 17.47%.

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.