CenterBook Partners LP Sells 45,361 Shares of Tetra Tech, Inc. $TTEK

CenterBook Partners LP decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,181 shares of the industrial products company’s stock after selling 45,361 shares during the period. CenterBook Partners LP’s holdings in Tetra Tech were worth $5,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TTEK. Norges Bank bought a new position in shares of Tetra Tech during the 2nd quarter worth approximately $104,843,000. Corient Private Wealth LLC lifted its position in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after acquiring an additional 1,847,087 shares during the period. M&G PLC boosted its stake in Tetra Tech by 150.1% during the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after acquiring an additional 1,450,420 shares in the last quarter. Sands Capital Management LLC grew its holdings in Tetra Tech by 26.5% in the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after purchasing an additional 1,089,599 shares during the period. Finally, Bornite Capital Management LP bought a new stake in Tetra Tech in the second quarter valued at $36,970,000. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, November 13th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Robert W. Baird set a $43.00 target price on Tetra Tech in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

Insider Buying and Selling at Tetra Tech

In related news, SVP Brian N. Carter sold 9,979 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.

Tetra Tech Trading Down 3.2%

NASDAQ TTEK opened at $35.53 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $36.28 and a 200 day simple moving average of $35.26. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $43.14. The firm has a market capitalization of $9.27 billion, a P/E ratio of 26.71 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is currently 19.55%.

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.