Scholtz & Company LLC Sells 26,310 Shares of Tetra Tech, Inc. $TTEK

Scholtz & Company LLC reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 25.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 76,885 shares of the industrial products company’s stock after selling 26,310 shares during the quarter. Scholtz & Company LLC’s holdings in Tetra Tech were worth $2,221,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its stake in Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new stake in shares of Tetra Tech in the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Tetra Tech in the 1st quarter valued at $35,000. Geneos Wealth Management Inc. raised its holdings in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Tetra Tech during the 3rd quarter worth $53,000. Institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. National Bank Financial decreased their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada dropped their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech Trading Down 0.4%

Shares of NASDAQ TTEK opened at $35.51 on Thursday. The firm has a 50 day moving average price of $33.91 and a two-hundred day moving average price of $31.63. The stock has a market cap of $9.09 billion, a P/E ratio of 21.39 and a beta of 0.90. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. Tetra Tech’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, equities analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 16.87%.

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.