Zions Bancorporation N.A. Has $3.59 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Zions Bancorporation N.A. raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,100 shares of the industrial products company’s stock after buying an additional 13,696 shares during the period. Zions Bancorporation N.A.’s holdings in Tetra Tech were worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Tetra Tech by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company’s stock worth $1,032,338,000 after purchasing an additional 127,757 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $300,000. Fox Run Management L.L.C. bought a new stake in shares of Tetra Tech during the fourth quarter worth $1,065,000. KLP Kapitalforvaltning AS acquired a new position in shares of Tetra Tech during the fourth quarter valued at $2,207,000. Finally, AXQ Capital LP increased its position in Tetra Tech by 21.3% in the fourth quarter. AXQ Capital LP now owns 18,400 shares of the industrial products company’s stock worth $733,000 after purchasing an additional 3,234 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Maxim Group lowered 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 price target on Tetra Tech in a research note on Friday, January 31st. Finally, KeyCorp reduced their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Stock Up 1.1 %

Shares of Tetra Tech stock opened at $29.37 on Tuesday. The company has a market capitalization of $7.87 billion, a P/E ratio of 30.85 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 50-day moving average of $33.16 and a two-hundred day moving average of $40.68. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) 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%. As a group, equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech’s payout ratio is presently 24.21%.

Insiders Place Their Bets

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company’s stock in a transaction dated 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 directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.