Sands Capital Management LLC Sells 172,028 Shares of Tetra Tech, Inc. $TTEK

Sands Capital Management LLC trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,007,004 shares of the industrial products company’s stock after selling 172,028 shares during the quarter. Sands Capital Management LLC’s holdings in Tetra Tech were worth $235,015,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Mariner LLC boosted its position in shares of Tetra Tech by 261.0% in the fourth quarter. Mariner LLC now owns 98,206 shares of the industrial products company’s stock valued at $3,295,000 after acquiring an additional 71,003 shares during the period. Focus Partners Wealth boosted its position in shares of Tetra Tech by 250.5% in the fourth quarter. Focus Partners Wealth now owns 67,736 shares of the industrial products company’s stock valued at $2,272,000 after acquiring an additional 48,410 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Tetra Tech by 0.5% in the fourth quarter. Kennedy Capital Management LLC now owns 106,597 shares of the industrial products company’s stock valued at $3,575,000 after acquiring an additional 559 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $248,000. Finally, Marshall Wace LLP bought a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $3,188,000. 93.89% of the stock is owned by institutional investors.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $28.43 on Monday. The business has a fifty day simple moving average of $29.46 and a 200 day simple moving average of $33.06. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 17.02 and a beta of 0.93. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.Tetra Tech’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. Sell-side analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were paid a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. Tetra Tech’s dividend payout ratio is currently 17.37%.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 target price on Tetra Tech in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech 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.