The Manufacturers Life Insurance Company Sells 4,014 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

The Manufacturers Life Insurance Company trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,938 shares of the industrial products company’s stock after selling 4,014 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Tetra Tech worth $8,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TTEK. Norges Bank bought a new position in shares of Tetra Tech during the 4th quarter worth $121,390,000. Capital International Investors purchased a new position in shares of Tetra Tech in the fourth quarter worth about $43,895,000. King Luther Capital Management Corp lifted its stake in shares of Tetra Tech by 324.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company’s stock valued at $50,927,000 after buying an additional 976,810 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Tetra Tech by 130.8% in the 4th quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company’s stock valued at $55,100,000 after buying an additional 783,736 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Tetra Tech by 924.3% during the 4th quarter. Bessemer Group Inc. now owns 815,939 shares of the industrial products company’s stock valued at $32,508,000 after acquiring an additional 736,279 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTEK has been the subject of several recent research reports. KeyCorp reduced their price target on Tetra Tech from $45.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. Finally, Maxim Group cut shares of Tetra Tech from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.90.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $30.58 on Tuesday. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market cap of $8.20 billion, a P/E ratio of 32.12 and a beta of 0.92. The business’s 50-day moving average price is $29.76 and its two-hundred day moving average price is $36.75.

About Tetra Tech

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.