Swiss National Bank Acquires 4,000 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Swiss National Bank grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 526,500 shares of the industrial products company’s stock after buying an additional 4,000 shares during the period. Swiss National Bank owned approximately 0.20% of Tetra Tech worth $20,976,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund raised its position in shares of Tetra Tech by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company’s stock worth $2,172,000 after purchasing an additional 400 shares during the period. Nordea Investment Management AB raised its position in shares of Tetra Tech by 0.9% during the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock worth $1,809,000 after purchasing an additional 411 shares during the period. CIBC Asset Management Inc raised its position in shares of Tetra Tech by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 438 shares during the period. Farther Finance Advisors LLC raised its position in shares of Tetra Tech by 13.0% during the fourth quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 461 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 495 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Up 1.0 %

Shares of NASDAQ:TTEK opened at $29.72 on Wednesday. The company has a market capitalization of $7.97 billion, a PE ratio of 31.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day moving average price of $34.05 and a two-hundred day moving average price of $41.17. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating 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 forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.78%. Tetra Tech’s dividend payout ratio (DPR) is presently 24.21%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTEK shares. Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research report on Friday, January 31st. Finally, KeyCorp lowered 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $47.92.

Insider Transactions at Tetra Tech

In other news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total transaction of $347,282.28. Following the completion of the transaction, the director now owns 60,196 shares in the company, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

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.