Copeland Capital Management LLC reduced its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,660,587 shares of the industrial products company's stock after selling 163,663 shares during the period. Tetra Tech comprises about 1.2% of Copeland Capital Management LLC's investment portfolio, making the stock its 28th biggest position. Copeland Capital Management LLC owned 0.62% of Tetra Tech worth $66,158,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after acquiring an additional 472 shares during the period. LGT Financial Advisors LLC raised its holdings in shares of Tetra Tech by 400.0% in the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Tetra Tech by 3,261.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after buying an additional 587 shares during the last quarter. Canton Hathaway LLC increased its position in shares of Tetra Tech by 400.0% during 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 last quarter. Finally, USA Financial Formulas raised its position in Tetra Tech by 332.3% during the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company's stock worth $33,000 after acquiring an additional 545 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Tetra Tech Trading Down 0.9 %
NASDAQ TTEK traded down $0.33 on Wednesday, hitting $34.22. The company's stock had a trading volume of 1,459,994 shares, compared to its average volume of 3,610,541. The firm has a market cap of $9.17 billion, a PE ratio of 35.94 and a beta of 0.89. Tetra Tech, Inc. has a 1-year low of $31.09 and a 1-year high of $51.20. The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The company's 50-day moving average is $40.46 and its 200 day moving average is $44.11.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.68%. Tetra Tech's dividend payout ratio (DPR) is presently 24.16%.
Analyst Ratings Changes
A number of research firms have recently issued reports on TTEK. KeyCorp cut their price objective on 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 reaffirmed an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a report on Friday, November 15th. StockNews.com cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Robert W. Baird boosted their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and a consensus price target of $48.52.
Check Out Our Latest Report on Tetra Tech
About Tetra Tech
(
Free Report)
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.
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