Tetra Tech, Inc. (NASDAQ:TTEK) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,604 shares of the industrial products company's stock after selling 13,572 shares during the quarter. Tetra Tech accounts for approximately 1.5% of Copeland Capital Management LLC's holdings, making the stock its 16th largest position. Copeland Capital Management LLC owned approximately 0.86% of Tetra Tech worth $76,388,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Tetra Tech by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,303,607 shares of the industrial products company's stock worth $874,777,000 after purchasing an additional 61,906 shares during the period. State Street Corp raised its holdings in Tetra Tech by 1.9% in the 1st quarter. State Street Corp now owns 1,707,196 shares of the industrial products company's stock worth $281,585,000 after purchasing an additional 31,942 shares during the period. Sarasin & Partners LLP raised its holdings in Tetra Tech by 18.3% in the 4th quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company's stock worth $203,976,000 after purchasing an additional 189,049 shares during the period. Invesco Ltd. raised its holdings in Tetra Tech by 7.5% in the 1st quarter. Invesco Ltd. now owns 917,617 shares of the industrial products company's stock worth $151,353,000 after purchasing an additional 64,168 shares during the period. Finally, Norges Bank bought a new position in Tetra Tech in the 4th quarter worth $132,468,000. 93.89% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the transaction, the director now owns 14,485 shares of the company's stock, valued at approximately $2,390,025. The disclosure for this sale can be found here. Insiders sold a total of 32,123 shares of company stock worth $5,487,673 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of recent research reports. KeyCorp began coverage on Tetra Tech in a report on Wednesday, January 10th. They issued an "overweight" rating and a $191.00 target price on the stock. Royal Bank of Canada raised their price target on Tetra Tech from $192.00 to $203.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $197.25.

Tetra Tech Price Performance

NASDAQ:TTEK traded up $0.07 on Friday, reaching $184.71. 223,019 shares of the company's stock traded hands, compared to its average volume of 233,906. The firm has a market cap of $9.88 billion, a PE ratio of 42.76 and a beta of 0.96. The stock has a 50-day simple moving average of $176.00 and a 200-day simple moving average of $165.65. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech, Inc. has a 12 month low of $132.29 and a 12 month high of $190.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter last year, the business posted $1.34 earnings per share. Equities research analysts forecast that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.56%. Tetra Tech's payout ratio is 24.07%.

Tetra Tech Company 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.