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

Skandinaviska Enskilda Banken AB publ raised its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 0.11% of Tetra Tech worth $11,759,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TTEK. Assetmark Inc. increased its stake in Tetra Tech by 495.6% in the 3rd quarter. Assetmark Inc. now owns 4,729 shares of the industrial products company’s stock valued at $223,000 after buying an additional 3,935 shares during the period. Atria Investments Inc grew its position in Tetra Tech by 321.9% in the third quarter. Atria Investments Inc now owns 7,114 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 5,428 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in Tetra Tech in the third quarter worth approximately $208,000. Crossmark Global Holdings Inc. grew its position in Tetra Tech by 505.5% in the third quarter. Crossmark Global Holdings Inc. now owns 20,840 shares of the industrial products company’s stock worth $982,000 after acquiring an additional 17,398 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position 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 worth $29,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the sale, the director now directly owns 60,196 shares of the company’s stock, valued at $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the subject of several recent research reports. KeyCorp decreased their target price 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. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a research report on Friday, January 31st. Finally, Maxim Group downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $47.92.

Tetra Tech Price Performance

NASDAQ TTEK opened at $29.12 on Friday. 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 fifty day simple moving average of $34.67 and a 200 day simple moving average of $41.54. The company has a market cap of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93. Tetra Tech, Inc. has a 1 year low of $28.17 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results 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 net margin of 4.81% and a return on equity of 22.58%. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) 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.