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

Scholtz & Company LLC lessened its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 25.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,885 shares of the industrial products company’s stock after selling 26,310 shares during the period. Scholtz & Company LLC’s holdings in Tetra Tech were worth $2,221,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in TTEK. CIBC Private Wealth Group LLC boosted its holdings in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new stake in Tetra Tech in the first 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 about $35,000. Geneos Wealth Management Inc. increased its stake 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 purchasing an additional 751 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Tetra Tech in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TTEK shares. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. National Bank Financial cut their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Royal Bank Of Canada cut their target price on shares of 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $35.51 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 21.39 and a beta of 0.90. The stock’s fifty day moving average price is $33.91 and its two-hundred day moving average price is $31.63. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. Tetra Tech’s quarterly revenue was down 4.4% on a year-over-year basis. 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. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

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

Tetra Tech Company Profile

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.