Skandinaviska Enskilda Banken AB publ Has $11.76 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Skandinaviska Enskilda Banken AB publ grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 295,515 shares of the industrial products company's stock after buying an additional 10,000 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.11% of Tetra Tech worth $11,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its holdings in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC boosted its holdings in Tetra Tech by 400.0% in the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 516 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in Tetra Tech by 400.0% in the third quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 556 shares during the last quarter. Millburn Ridgefield Corp boosted its holdings in Tetra Tech by 346.9% in the third quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 621 shares during the last quarter. Finally, R Squared Ltd bought a new position in Tetra Tech in the fourth quarter valued at about $39,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

TTEK has been the topic of several recent research reports. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. KeyCorp reduced their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Maxim Group cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.92.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction that occurred 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 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 this link. Insiders own 0.40% of the company's stock.

Tetra Tech Stock Up 2.1 %

Shares of NASDAQ:TTEK traded up $0.63 during trading on Wednesday, hitting $30.35. 2,902,733 shares of the company's stock traded hands, compared to its average volume of 3,171,970. Tetra Tech, Inc. has a 52 week low of $28.17 and a 52 week high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 31.88 and a beta of 0.93. The company has a 50-day moving average price of $34.05 and a 200-day moving average price of $41.17.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data 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 return on equity of 22.58% and a net margin of 4.81%. As a group, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech's dividend payout ratio is presently 24.21%.

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.