Tetra Tech, Inc. $TTEK Shares Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management LLC reduced its stake in Tetra Tech by 7.4%, now holding approximately 1.4% of the company, valued at around $66.65 million.
• Tetra Tech's recent earnings report exceeded expectations, with an EPS of $0.43 and revenue of $1.15 billion, up 1.9% year-over-year.
• The company announced a quarterly dividend of $0.065, translating into an annualized yield of 0.8%, and a dividend payout ratio of 32.5%.

Copeland Capital Management LLC trimmed its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,853,487 shares of the industrial products company's stock after selling 147,834 shares during the quarter. Tetra Tech accounts for approximately 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 23rd biggest position. Copeland Capital Management LLC owned about 0.70% of Tetra Tech worth $66,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its position in shares of Tetra Tech by 11.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 650,498 shares of the industrial products company's stock worth $23,392,000 after purchasing an additional 68,089 shares during the last quarter. Ninety One North America Inc. increased its position in shares of Tetra Tech by 5.2% during the 2nd quarter. Ninety One North America Inc. now owns 384,789 shares of the industrial products company's stock worth $13,837,000 after purchasing an additional 19,063 shares during the last quarter. LBP AM SA increased its position in shares of Tetra Tech by 214.9% during the 2nd quarter. LBP AM SA now owns 205,011 shares of the industrial products company's stock worth $7,372,000 after purchasing an additional 139,899 shares during the last quarter. PGGM Investments grew its position in Tetra Tech by 69.6% in the 2nd quarter. PGGM Investments now owns 831,733 shares of the industrial products company's stock valued at $29,909,000 after acquiring an additional 341,400 shares in the last quarter. Finally, Union Bancaire Privee UBP SA grew its position in Tetra Tech by 1.4% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 103,649 shares of the industrial products company's stock valued at $3,737,000 after acquiring an additional 1,397 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK opened at $33.68 on Friday. The stock has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $34.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $8.85 billion, a PE ratio of 42.10 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech's dividend payout ratio (DPR) is presently 32.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Northcoast Research reaffirmed a "neutral" rating on shares of Tetra Tech in a research report on Wednesday. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the company an "outperform" rating in a research report on Monday. Finally, KeyCorp lifted their target price on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of "Hold" and a consensus target price of $41.00.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares in the company, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Tetra Tech Profile

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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