80,069 Tetra Tech, Inc. $TTEK Shares Sold by M&G PLC

M&G PLC trimmed its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,696,275 shares of the industrial products company’s stock after selling 80,069 shares during the quarter. M&G PLC’s holdings in Tetra Tech were worth $88,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Tetra Tech in the first quarter valued at about $35,000. Mather Group LLC. lifted its stake in shares of Tetra Tech by 562.0% during the 3rd quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock worth $45,000 after buying an additional 1,169 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Tetra Tech during the 3rd quarter worth about $64,000. Signaturefd LLC lifted its stake in shares of Tetra Tech by 65.0% during the 3rd quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock worth $66,000 after buying an additional 784 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Tetra Tech during the 2nd quarter worth about $72,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Up 2.0%

Shares of Tetra Tech stock opened at $41.09 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day moving average of $35.81 and a 200-day moving average of $33.23. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The stock has a market cap of $10.52 billion, a PE ratio of 24.75 and a beta of 0.86.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of research reports. KeyCorp reiterated an “overweight” rating and issued a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday, October 15th. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. National Bank Financial reduced their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings raised Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Tetra Tech Profile

Tetra Tech, Inc is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management.

The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.

Tetra Tech serves clients in the United States and internationally.