Bessemer Group Inc. Acquires 36,966 Shares of Tetra Tech, Inc. $TTEK

Bessemer Group Inc. grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.6% during the first quarter, Holdings Channel reports. The firm owned 1,432,005 shares of the industrial products company’s stock after purchasing an additional 36,966 shares during the period. Bessemer Group Inc.’s holdings in Tetra Tech were worth $43,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors boosted its holdings in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after purchasing an additional 1,936,902 shares in the last quarter. Geode Capital Management LLC raised its holdings in Tetra Tech by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock valued at $170,496,000 after buying an additional 52,375 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after buying an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tetra Tech by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,680 shares of the industrial products company’s stock worth $123,322,000 after buying an additional 83,419 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Tetra Tech during the 4th quarter worth about $115,162,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Tetra Tech Trading Down 1.4%

Tetra Tech stock opened at $31.59 on Friday. The business has a 50 day moving average price of $28.61 and a two-hundred day moving average price of $32.23. 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 stock has a market cap of $8.20 billion, a price-to-earnings ratio of 18.92 and a beta of 0.92. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.Tetra Tech’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts forecast that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were paid 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 0.9%. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio is presently 17.37%.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTEK. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. National Bank Financial dropped their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.80.

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.