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

Charles Schwab Investment Management Inc. boosted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,081,839 shares of the industrial products company’s stock after purchasing an additional 11,356 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.78% of Tetra Tech worth $82,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after buying an additional 587 shares during the last quarter. Canton Hathaway LLC increased its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after buying an additional 516 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after buying an additional 556 shares during the last quarter. Millburn Ridgefield Corp increased its holdings in shares of Tetra Tech by 346.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock worth $37,000 after buying an additional 621 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Tetra Tech in the 4th quarter worth $39,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Tetra Tech Price Performance

TTEK stock opened at $30.01 on Tuesday. The firm has a market cap of $8.04 billion, a P/E ratio of 31.52 and a beta of 0.93. 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’s fifty day moving average is $35.52 and its 200 day moving average is $42.03. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 annualized dividend and a yield of 0.77%. Tetra Tech’s payout ratio is currently 24.21%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. KeyCorp decreased their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.92.

About Tetra Tech

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.