Copeland Capital Management LLC lowered its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,763,618 shares of the industrial products company’s stock after selling 89,869 shares during the period. Copeland Capital Management LLC owned about 0.67% of Tetra Tech worth $58,870,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of TTEK. MAI Capital Management boosted its stake in shares of Tetra Tech by 68.1% during the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after buying an additional 344 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Tetra Tech in the second quarter valued at $32,000. Parkside Financial Bank & Trust boosted its stake in Tetra Tech by 54.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 348 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Tetra Tech by 146.0% during the 2nd quarter. Allworth Financial LP now owns 1,771 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 1,051 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
Tetra Tech Price Performance
NASDAQ TTEK opened at $34.11 on Tuesday. The company has a 50-day moving average price of $33.89 and a two-hundred day moving average price of $35.16. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $42.98. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 36.68 and a beta of 0.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.
Tetra Tech Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were paid a $0.065 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is presently 27.96%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TTEK. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Thursday, November 13th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 price target (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Finally, National Bank Financial assumed coverage on Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.20.
Get Our Latest Report on Tetra Tech
Tetra Tech Company Profile
Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.
The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.
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