Sarasin & Partners Dumps Tetra Tech (TTEK) Shares Worth $155.4 Million

Core Insights - Sarasin & Partners LLP sold 4,273,853 shares of Tetra Tech, valued at approximately $155.35 million, during Q3 2025, reducing its holdings to 409,723 shares worth $13.8 million, which is 0.14% of its $10.2 billion U.S. equity portfolio [2][3] Company Overview - Tetra Tech provides consulting and engineering services, focusing on water resources, climate change, energy management, and infrastructure, generating revenue from government contracts, commercial clients, and international development agencies [4][6] - The company reported a total revenue of $5.20 billion and a net income of $333.38 million for the trailing twelve months (TTM) [3] Market Performance - Tetra Tech's stock price as of October 9, 2025, was $34.30, reflecting a 30.7% decline over the past year and underperforming the S&P 500 by 47.6 percentage points [3] - The stock has seen a recovery of 16% since April 2025, following a strong fiscal third quarter where earnings per share increased by 34% year over year [10] Client Base - Primary customers include federal, state, and local governments, utilities, natural resource companies, and organizations focused on sustainable infrastructure and environmental solutions [5][6] Investment Implications - The significant reduction in Sarasin's position in Tetra Tech, by over 90%, suggests a lack of confidence in the company's future business prospects, potentially due to headwinds from government spending cuts and increased scrutiny on government contracts [9][10]