Charles Schwab Investment Management Inc. Cuts Stake in Tetra Tech, Inc. $TTEK

Charles Schwab Investment Management Inc. reduced its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.9% during the second quarter, according to its most recent disclosure 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. owned about 0.80% of Tetra Tech worth $75,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. LGT Group Foundation grew its holdings in shares of 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 purchasing an additional 1,514,583 shares during the last quarter. M&G PLC lifted its stake in Tetra Tech by 150.1% in the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after purchasing an additional 1,450,420 shares during the last quarter. Vanguard Group Inc. boosted 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 buying an additional 1,273,692 shares during the period. Bornite Capital Management LP bought a new position in shares of Tetra Tech during the second quarter valued at about $36,970,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Tetra Tech by 136.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after buying an additional 957,050 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Tetra Tech Stock Down 0.1%

Shares of Tetra Tech stock opened at $34.74 on Friday. The company has a 50-day moving average of $33.62 and a 200 day moving average of $35.31. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $43.50. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 43.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

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

Tetra Tech Announces Dividend

The company also recently announced 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. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Tetra Tech’s dividend payout ratio is currently 27.96%.

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.