Copeland Capital Management LLC Has $58.54 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Copeland Capital Management LLC increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.75% of Tetra Tech worth $58,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Tetra Tech by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company's stock valued at $1,032,338,000 after buying an additional 127,757 shares during the period. Pictet Asset Management Holding SA increased its stake in Tetra Tech by 2.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company's stock valued at $558,512,000 after acquiring an additional 381,437 shares during the period. Sarasin & Partners LLP bought a new position in Tetra Tech during the 1st quarter valued at about $144,799,000. Amundi lifted its position in Tetra Tech by 2.5% during the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company's stock worth $194,314,000 after buying an additional 117,304 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tetra Tech by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company's stock worth $188,487,000 after purchasing an additional 13,616 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp upped their price target 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. Maxim Group cut shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Performance

Shares of TTEK traded up $0.14 during mid-day trading on Tuesday, hitting $36.10. 1,450,215 shares of the company's stock were exchanged, compared to its average volume of 2,129,286. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. The firm has a market cap of $9.51 billion, a price-to-earnings ratio of 52.47 and a beta of 0.95. The stock's 50-day simple moving average is $34.39 and its 200-day simple moving average is $34.08. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.065 dividend. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, May 23rd. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.

About Tetra Tech

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.