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

Swiss National Bank boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 526,500 shares of the industrial products company’s stock after acquiring an additional 4,000 shares during the quarter. Swiss National Bank’s holdings in Tetra Tech were worth $20,976,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TTEK. Canton Hathaway LLC boosted its stake in Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 516 shares during the period. Banque Cantonale Vaudoise boosted its stake in Tetra Tech by 400.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 556 shares during the period. Millburn Ridgefield Corp boosted its stake in Tetra Tech by 346.9% in the 3rd quarter. Millburn Ridgefield Corp now owns 800 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 621 shares during the period. R Squared Ltd bought a new position in Tetra Tech in the 4th quarter worth about $39,000. Finally, Asset Planning Inc bought a new position in Tetra Tech in the 4th quarter worth about $40,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $29.72 on Wednesday. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 31.22 and a beta of 0.93. The company has a current ratio of 1.29, a quick 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’s 50-day moving average is $34.05 and its 200 day moving average is $41.17.

Tetra Tech (NASDAQ:TTEK) last announced 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%. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.058 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.78%. Tetra Tech’s dividend payout ratio is 24.21%.

Analyst Ratings Changes

TTEK has been the subject of several analyst reports. KeyCorp cut their target price on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Maxim Group cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.92.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.