Charles Schwab Investment Management Inc. Boosts Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Charles Schwab Investment Management Inc. grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,081,839 shares of the industrial products company's stock after buying an additional 11,356 shares during the period. Charles Schwab Investment Management Inc. owned 0.78% of Tetra Tech worth $82,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New England Research & Management Inc. bought a new position in shares of Tetra Tech in the fourth quarter worth $596,000. Lecap Asset Management Ltd. raised its holdings in Tetra Tech by 71.3% during the 4th quarter. Lecap Asset Management Ltd. now owns 44,769 shares of the industrial products company's stock worth $1,784,000 after purchasing an additional 18,635 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Tetra Tech by 53.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 39,150 shares of the industrial products company's stock valued at $1,560,000 after buying an additional 13,606 shares during the period. Perpetual Ltd raised its stake in Tetra Tech by 9.6% during the 4th quarter. Perpetual Ltd now owns 215,042 shares of the industrial products company's stock worth $8,567,000 after buying an additional 18,842 shares during the period. Finally, Caldwell Investment Management Ltd. raised its position in shares of Tetra Tech by 400.0% during the third quarter. Caldwell Investment Management Ltd. now owns 46,500 shares of the industrial products company's stock worth $2,157,000 after purchasing an additional 37,200 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

TTEK has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Maxim Group cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, KeyCorp dropped their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.92.

Tetra Tech Trading Down 1.4 %

TTEK stock traded down $0.40 during trading on Wednesday, hitting $28.93. 768,312 shares of the company traded hands, compared to its average volume of 3,273,486. The company has a 50-day moving average of $35.12 and a 200-day moving average of $41.80. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $7.75 billion, a PE ratio of 30.39 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's payout ratio is presently 24.21%.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now owns 60,196 shares of the company's stock, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company's stock.

Tetra Tech 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.