Copeland Capital Management LLC lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 5.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,663,090 shares of the industrial products company’s stock after selling 100,528 shares during the quarter. Tetra Tech makes up 1.2% of Copeland Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Copeland Capital Management LLC’s holdings in Tetra Tech were worth $55,780,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. First Horizon Corp grew its stake in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 295 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Tetra Tech by 3.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,514 shares of the industrial products company’s stock valued at $285,000 after buying an additional 319 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Tetra Tech by 3.7% in the third quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock valued at $306,000 after buying an additional 328 shares in the last quarter. Transcend Capital Advisors LLC grew its stake in shares of Tetra Tech by 4.3% in the third quarter. Transcend Capital Advisors LLC now owns 8,291 shares of the industrial products company’s stock valued at $277,000 after buying an additional 340 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Tetra Tech by 4.2% in the third quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock valued at $347,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Tetra Tech Price Performance
NASDAQ:TTEK opened at $31.33 on Friday. Tetra Tech, Inc. has a 1-year low of $29.57 and a 1-year high of $43.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $32.75 and a 200 day simple moving average of $34.21. The stock has a market capitalization of $8.17 billion, a PE ratio of 23.56 and a beta of 0.98.
Tetra Tech Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s payout ratio is 19.55%.
Insider Buying and Selling
In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the transaction, the senior vice president directly owned 46,496 shares of the company’s stock, valued at $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
TTEK has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Monday. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.60.
Check Out Our Latest Research Report on TTEK
About Tetra Tech
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.
Further Reading
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