Zurcher Kantonalbank Zurich Cantonalbank Has $2.10 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,573 shares of the industrial products company’s stock after buying an additional 974 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tetra Tech were worth $2,099,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of Tetra Tech by 10.7% during the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company’s stock worth $4,077,000 after buying an additional 2,593 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Tetra Tech by 2.5% during the fourth quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company’s stock worth $57,127,000 after buying an additional 8,394 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Tetra Tech by 95.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company’s stock worth $2,733,000 after buying an additional 8,791 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Tetra Tech during the fourth quarter worth $82,209,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Tetra Tech in the fourth quarter worth $873,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK opened at $188.94 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $10.11 billion, a P/E ratio of 43.74 and a beta of 0.96. The firm’s fifty day simple moving average is $183.53 and its two-hundred day simple moving average is $169.60. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $194.99.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same quarter in the prior year, the firm posted $1.34 earnings per share. As a group, analysts predict that Tetra Tech, Inc. will post 6.07 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. Tetra Tech’s dividend payout ratio (DPR) is currently 24.07%.

Insider Buying and Selling at Tetra Tech

In other news, SVP Brian N. Carter sold 5,580 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the transaction, the senior vice president now owns 8,360 shares in the company, valued at $1,475,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director J Kenneth Thompson sold 3,500 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the transaction, the director now owns 10,985 shares in the company, valued at $1,946,981.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the transaction, the senior vice president now owns 8,360 shares in the company, valued at approximately $1,475,707.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,123 shares of company stock valued at $5,487,673. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTEK. Royal Bank of Canada boosted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp began coverage on shares of Tetra Tech in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $197.25.

About Tetra Tech

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.