Baillie Gifford & Co. Has $17.46 Million Stock Holdings in Tetra Tech, Inc. $TTEK

Baillie Gifford & Co. decreased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 523,150 shares of the industrial products company’s stock after selling 64,720 shares during the quarter. Baillie Gifford & Co. owned approximately 0.20% of Tetra Tech worth $17,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TTEK. Bfsg LLC acquired a new stake in shares of Tetra Tech during the 3rd quarter valued at about $25,000. Financial Consulate Inc. bought a new position in Tetra Tech during the third quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new stake in Tetra Tech in the third quarter valued at approximately $30,000. MAI Capital Management grew its position in Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 344 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Tetra Tech by 228.6% during the 3rd quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 704 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTEK. Robert W. Baird upped their price target on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective for the company. Finally, Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $36.97 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 one year low of $27.27 and a one year high of $39.51. The company has a fifty day moving average price of $34.89 and a 200 day moving average price of $35.13. The stock has a market cap of $9.66 billion, a P/E ratio of 39.75 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.06 billion. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. Analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, December 1st. Tetra Tech’s payout ratio is currently 27.96%.

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.