Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,100 shares of the industrial products company's stock after acquiring an additional 13,696 shares during the period. Zions Bancorporation N.A.'s holdings in Tetra Tech were worth $3,590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTEK. Vanguard Group Inc. boosted its stake in shares of 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 valued at $1,032,338,000 after buying an additional 127,757 shares during the period. Stevens Capital Management LP acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $300,000. Fox Run Management L.L.C. purchased a new position in Tetra Tech in the fourth quarter worth approximately $1,065,000. KLP Kapitalforvaltning AS acquired a new position in Tetra Tech during the 4th quarter worth approximately $2,207,000. Finally, AXQ Capital LP increased its position in shares of Tetra Tech by 21.3% in the 4th quarter. AXQ Capital LP now owns 18,400 shares of the industrial products company's stock valued at $733,000 after purchasing an additional 3,234 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

TTEK traded down $0.35 on Friday, reaching $29.15. The company had a trading volume of 1,151,746 shares, compared to its average volume of 1,962,040. The stock has a market capitalization of $7.81 billion, a PE ratio of 30.62 and a beta of 0.93. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20. The stock has a 50-day moving average price of $32.13 and a 200-day moving average price of $40.16.

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Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share 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%. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.80%. Tetra Tech's payout ratio is 24.21%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp decreased their price objective on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group downgraded Tetra Tech from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $47.92.

Insider Activity

In other news, Director Kirsten M. Volpi sold 10,116 shares of the company'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 completion of the sale, the director now owns 60,196 shares in the company, valued at $2,066,528.68. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.