Baillie Gifford & Co. Trims Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Baillie Gifford trimmed its stake by 18% in Tetra Tech in Q4, selling 94,375 shares and retaining 428,775 shares (~$14.38M, ~0.16%); meanwhile other institutions like Goldman and AQR materially increased positions and total institutional ownership is 93.89%.
• Tetra Tech beat Q1 estimates with EPS of $0.35 and revenue of $1.21B (revenue down 13.4% YoY) and set FY2026 guidance of $1.460–1.560 EPS, while shares trade near $31 versus an average analyst price target of $42.60 and an average rating of Moderate Buy.
• Insider activity included SVP Brian N. Carter selling 9,979 shares in February, and the company pays a quarterly dividend of $0.065 (annualized yield ~0.8%).

Baillie Gifford & Co. trimmed its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 428,775 shares of the industrial products company's stock after selling 94,375 shares during the quarter. Baillie Gifford & Co. owned about 0.16% of Tetra Tech worth $14,381,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TTEK. Brighton Jones LLC purchased a new position in shares of Tetra Tech in the fourth quarter worth about $225,000. AQR Capital Management LLC raised its stake in shares of Tetra Tech by 451.6% in the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company's stock worth $4,204,000 after purchasing an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Tetra Tech by 136.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company's stock worth $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of 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 during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Tetra Tech by 754.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,638 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird set a $43.00 target price on Tetra Tech in a report on Thursday, January 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.60.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $31.04 on Tuesday. The company has a market capitalization of $8.10 billion, a P/E ratio of 23.34 and a beta of 0.98. The business's 50 day moving average is $34.15 and its two-hundred day moving average is $34.33. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. Tetra Tech, Inc. has a 12-month low of $29.56 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.Tetra Tech's revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. 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. Analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were given a dividend of $0.065 per share. The ex-dividend date was Thursday, February 12th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech's dividend payout ratio is currently 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech 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 transaction, the senior vice president owned 46,496 shares in the company, valued at approximately $1,870,534.08. This represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company's stock.

About Tetra Tech

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.

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