Corient Private Wealth LP Buys Shares of 1,556,394 Tetra Tech, Inc. $TTEK

Key Points

• Corient Private Wealth LP acquired 1,556,394 shares of Tetra Tech in the second quarter, valued at approximately $45.0 million and representing about 0.61% of the company. Institutional investors collectively own 93.89% of Tetra Tech.
• Tetra Tech reported quarterly EPS of $0.42, exceeding the $0.40 consensus estimate, while revenue reached $1.31 billion. Revenue declined 4.4% year over year, and analysts project full-year 2026 EPS of approximately $1.58.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $38.25. The company also paid a quarterly dividend of $0.072 per share, implying an annualized yield of about 0.8%.

Corient Private Wealth LP purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,556,394 shares of the industrial products company's stock, valued at approximately $44,964,000. Corient Private Wealth LP owned approximately 0.61% of Tetra Tech as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors lifted its holdings in shares of 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 acquiring an additional 1,936,902 shares during the last quarter. Geode Capital Management LLC increased its position in Tetra Tech by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company's stock worth $170,496,000 after purchasing an additional 52,375 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Tetra Tech by 84.9% in 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 purchasing an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company's stock valued at $114,128,000 after buying an additional 112,560 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Tetra Tech during the fourth quarter worth $115,162,000. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTEK. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada cut their price objective on Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Wall Street Zen downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $36.64 on Friday. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 22.07 and a beta of 0.90. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The company's fifty day moving average is $32.56 and its 200 day moving average is $31.77. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.Tetra Tech's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $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. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech's payout ratio is currently 17.47%.

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.

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