Canada Pension Plan Investment Board Invests $9.23 Million in Tetra Tech, Inc. $TTEK

Key Points

• Canada Pension Plan Investment Board acquired 319,600 Tetra Tech shares worth approximately $9.23 million, giving it a 0.12% stake. Institutional investors collectively own 93.89% of the company.
• Analysts maintain a generally positive outlook, with Tetra Tech receiving an average “Moderate Buy” rating and an average price target of $38.25, despite several recent target-price reductions.
• Tetra Tech exceeded quarterly earnings expectations, reporting $0.42 in EPS versus a $0.40 consensus estimate and $1.31 billion in revenue. The company also declared a quarterly dividend of $0.072 per share, representing a 0.8% yield.

Canada Pension Plan Investment Board purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 319,600 shares of the industrial products company's stock, valued at approximately $9,233,000. Canada Pension Plan Investment Board owned approximately 0.12% of Tetra Tech at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Systematic Financial Management LP boosted its holdings in shares of Tetra Tech by 56.5% during the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company's stock valued at $9,618,000 after acquiring an additional 103,582 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Tetra Tech by 8.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company's stock valued at $33,293,000 after purchasing an additional 74,530 shares during the period. Crossmark Global Holdings Inc. lifted its position in Tetra Tech by 69.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company's stock valued at $7,275,000 after purchasing an additional 88,745 shares during the period. Nicola Wealth Management LTD. purchased a new stake in Tetra Tech in the fourth quarter worth approximately $12,242,000. Finally, Handelsbanken Fonder AB boosted its holdings in Tetra Tech by 108.4% in the fourth quarter. Handelsbanken Fonder AB now owns 516,043 shares of the industrial products company's stock worth $17,308,000 after purchasing an additional 268,420 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTEK shares. Wall Street Zen lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada lowered their target price on Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.25.

Tetra Tech Stock Down 0.3%

NASDAQ TTEK opened at $36.54 on Friday. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.36 billion, a P/E ratio of 22.01 and a beta of 0.90. The stock's 50-day moving average price is $32.74 and its 200-day moving average price is $31.80.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm's revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. 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. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

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

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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