Schroder Investment Management Group Sells 121,089 Shares of Tetra Tech, Inc. $TTEK

Schroder Investment Management Group cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 944,703 shares of the industrial products company’s stock after selling 121,089 shares during the period. Schroder Investment Management Group’s holdings in Tetra Tech were worth $31,770,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TTEK. Bfsg LLC acquired a new position in shares of Tetra Tech during the 3rd quarter worth approximately $25,000. Financial Consulate Inc. acquired a new stake in shares of Tetra Tech in the 3rd quarter valued at approximately $26,000. MAI Capital Management boosted its holdings in shares of Tetra Tech by 68.1% in the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after buying an additional 344 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Tetra Tech in the third quarter valued at $30,000. Finally, Parkside Financial Bank & Trust increased its holdings in Tetra Tech by 54.5% during the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Up 0.7%

Shares of TTEK stock opened at $33.78 on Thursday. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $43.14. The company has a market capitalization of $8.81 billion, a PE ratio of 25.40 and a beta of 0.90. The firm has a 50 day moving average price of $36.57 and a two-hundred day moving average price of $35.12. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s dividend payout ratio is currently 19.55%.

Insiders Place Their Bets

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the transaction, the senior vice president owned 46,496 shares in the company, valued at $1,870,534.08. This trade represents a 17.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTEK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, November 13th. Finally, Robert W. Baird set a $43.00 price target on Tetra Tech in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average target price of $42.60.

About Tetra Tech

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.