Rockefeller Capital Management L.P. Decreases Stock Holdings in Tetra Tech, Inc. $TTEK

Rockefeller Capital Management L.P. decreased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 555,452 shares of the industrial products company’s stock after selling 22,125 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Tetra Tech were worth $18,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Inc. CA bought a new stake in shares of Tetra Tech in the third quarter worth $2,067,000. Impax Asset Management Group plc bought a new position in Tetra Tech in the fourth quarter valued at about $107,603,000. LGT Group Foundation boosted its position in Tetra Tech by 6.3% in the third quarter. LGT Group Foundation now owns 2,978,570 shares of the industrial products company’s stock worth $98,859,000 after purchasing an additional 176,302 shares during the last quarter. Capital International Investors grew its stake 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 purchasing an additional 5,051,485 shares during the period. Finally, Tudor Investment Corp ET AL increased its position in shares of Tetra Tech by 585.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock valued at $2,150,000 after purchasing an additional 55,001 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $29.02 and a two-hundred day simple moving average of $32.72. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 16.79 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.

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

Tetra Tech Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s payout ratio is presently 17.37%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TTEK shares. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Tetra Tech Company 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.