Zions Bancorporation N.A. Raises Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Zions Bancorporation N.A. raised its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 491.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,404 shares of the industrial products company's stock after purchasing an additional 63,483 shares during the quarter. Zions Bancorporation N.A.'s holdings in Tetra Tech were worth $3,603,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TTEK. CWM LLC raised its position in shares of Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company's stock valued at $62,000 after buying an additional 51 shares during the last quarter. ELCO Management Co. LLC raised its position in shares of Tetra Tech by 4.8% during the second quarter. ELCO Management Co. LLC now owns 1,313 shares of the industrial products company's stock valued at $268,000 after buying an additional 60 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Tetra Tech by 4.8% during the second quarter. CIBC Asset Management Inc now owns 1,524 shares of the industrial products company's stock valued at $312,000 after buying an additional 70 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Tetra Tech by 4.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company's stock valued at $413,000 after buying an additional 77 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Tetra Tech by 0.8% in the second quarter. Victory Capital Management Inc. now owns 11,229 shares of the industrial products company's stock worth $2,296,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Activity

In related news, EVP Leslie L. Shoemaker sold 78,420 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the transaction, the executive vice president now owns 296,015 shares in the company, valued at approximately $13,649,251.65. This represents a 20.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now owns 143,200 shares of the company's stock, valued at approximately $6,655,936. This trade represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total transaction of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at $13,649,251.65. This represents a 20.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,750 shares of company stock worth $5,633,239 over the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Tetra Tech Stock Down 13.5 %

Tetra Tech stock traded down $6.39 during trading hours on Thursday, reaching $40.96. The stock had a trading volume of 9,856,108 shares, compared to its average volume of 1,444,542. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 40.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.21 and a quick ratio of 1.21. The business's 50 day moving average price is $47.82 and its 200-day moving average price is $44.55. Tetra Tech, Inc. has a 52 week low of $30.92 and a 52 week high of $51.20.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TTEK shares. Royal Bank of Canada boosted their price target on shares of Tetra Tech from $46.60 to $51.80 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday. KeyCorp boosted their price target on shares of Tetra Tech from $49.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and an average target price of $50.68.

Tetra Tech Company 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.