Charles Schwab Investment Management Inc. Sells 20,207 Shares of Tetra Tech, Inc. $TTEK

Charles Schwab Investment Management Inc. cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,111,086 shares of the industrial products company’s stock after selling 20,207 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tetra Tech were worth $75,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TTEK. LGT Group Foundation lifted its stake in Tetra Tech by 124.2% during the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock valued at $79,971,000 after acquiring an additional 1,514,583 shares during the period. M&G PLC raised its holdings in shares of Tetra Tech by 150.1% during the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock valued at $86,994,000 after purchasing an additional 1,450,420 shares during the last quarter. Vanguard Group Inc. lifted its position in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after purchasing an additional 1,273,692 shares during the period. Bornite Capital Management LP purchased a new stake in Tetra Tech in the second quarter worth approximately $36,970,000. Finally, Goldman Sachs Group Inc. grew its position in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after purchasing an additional 957,050 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $34.74 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day simple moving average of $33.62 and a two-hundred day simple moving average of $35.31. The firm has a market capitalization of $9.06 billion, a PE ratio of 43.42 and a beta of 0.96. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $43.50.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio is 27.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTEK. Robert W. Baird increased their price target on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. National Bank Financial assumed coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective for the company. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, November 13th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.