State of Wyoming Sells 18,085 Shares of Tetra Tech, Inc. $TTEK

State of Wyoming cut its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 81.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,093 shares of the industrial products company’s stock after selling 18,085 shares during the period. State of Wyoming’s holdings in Tetra Tech were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Amundi increased its position in shares of Tetra Tech by 7.4% during the second quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock worth $147,264,000 after acquiring an additional 349,272 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock valued at $114,128,000 after acquiring an additional 112,560 shares during the last quarter. First Trust Advisors LP increased its position in shares of Tetra Tech by 47.6% in the first quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock valued at $73,658,000 after acquiring an additional 788,491 shares during the last quarter. Energy Income Partners LLC acquired a new stake in shares of Tetra Tech in the second quarter valued at about $68,512,000. Finally, Bank of America Corp DE bought a new stake in Tetra Tech during the second quarter worth about $57,135,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Trading Up 2.0%

Shares of NASDAQ:TTEK opened at $41.09 on Tuesday. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. 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 company has a market capitalization of $10.52 billion, a P/E ratio of 26.24 and a beta of 0.86. The company has a 50-day simple moving average of $35.81 and a 200 day simple moving average of $33.23.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings upgraded Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. KeyCorp restated an “overweight” rating and set a $41.00 target price (down from $43.00) on shares of Tetra Tech in a report on Thursday, October 15th. Finally, National Bank Financial dropped their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.