Canada Pension Plan Investment Board Purchases Shares of 319,600 Tetra Tech, Inc. $TTEK

Canada Pension Plan Investment Board acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 319,600 shares of the industrial products company’s stock, valued at approximately $9,233,000.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Tetra Tech during the fourth quarter worth about $115,162,000. Energy Income Partners LLC purchased a new position in Tetra Tech in the 2nd quarter worth approximately $68,512,000. AQR Capital Management LLC boosted its stake in Tetra Tech by 351.6% in the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after purchasing an additional 2,238,721 shares during the period. Capital International Investors boosted its stake in Tetra Tech by 27.4% in the 4th 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 during the period. Finally, Corient Private Wealth LLC grew its holdings in 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 buying an additional 1,847,087 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $36.54 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14. The business has a 50 day simple moving average of $32.74 and a two-hundred day simple moving average of $31.80. The stock has a market capitalization of $9.36 billion, a PE ratio of 22.01 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was down 4.4% on a year-over-year basis. 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, research analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a $0.072 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is currently 17.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Royal Bank Of Canada dropped their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. National Bank Financial cut their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a report 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.25.

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.