M&G PLC Has $86.99 Million Stock Holdings in Tetra Tech, Inc. $TTEK

M&G PLC increased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 150.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,416,512 shares of the industrial products company’s stock after buying an additional 1,450,420 shares during the period. M&G PLC owned 0.92% of Tetra Tech worth $86,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC raised its stake in shares of Tetra Tech by 2.5% in the second quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 285 shares during the last quarter. US Bancorp DE raised its position in Tetra Tech by 1.7% in the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after buying an additional 299 shares during the last quarter. Ethic Inc. lifted its stake in Tetra Tech by 1.2% during the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 334 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Tetra Tech by 54.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Tetra Tech by 22.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.2%

Shares of TTEK opened at $31.99 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $48.48. The firm has a 50 day moving average price of $33.94 and a 200-day moving average price of $35.11. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 39.99 and a beta of 0.96.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director directly owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. KeyCorp upped their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Tetra Tech presently has an average rating of “Hold” and a consensus price target of $41.00.

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.