Copeland Capital Management LLC grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,001,321 shares of the industrial products company's stock after purchasing an additional 340,734 shares during the quarter. Copeland Capital Management LLC owned approximately 0.75% of Tetra Tech worth $58,539,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Sarasin & Partners LLP purchased a new position in shares of Tetra Tech in the first quarter worth about $144,799,000. Norges Bank purchased a new position in Tetra Tech in the 4th quarter worth approximately $121,390,000. Jacobs Levy Equity Management Inc. lifted its stake in Tetra Tech by 814.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,267,296 shares of the industrial products company's stock worth $90,329,000 after purchasing an additional 2,019,295 shares in the last quarter. Bain Capital Public Equity Management II LLC boosted its holdings in shares of Tetra Tech by 149.5% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 2,409,928 shares of the industrial products company's stock worth $96,012,000 after purchasing an additional 1,443,939 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of Tetra Tech in the fourth quarter valued at approximately $43,895,000. Hedge funds and other institutional investors own 93.89% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, KeyCorp upped their price objective on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.00.
Get Our Latest Analysis on Tetra Tech
Tetra Tech Trading Down 1.1%
TTEK traded down $0.41 during trading hours on Friday, reaching $35.64. The company's stock had a trading volume of 2,886,095 shares, compared to its average volume of 2,139,600. The stock has a market cap of $9.39 billion, a PE ratio of 51.80 and a beta of 0.95. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.10 and a quick ratio of 1.10. The business's 50-day moving average is $34.27 and its 200-day moving average is $34.23.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, equities research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.
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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