Duff & Phelps Reduces Tetra Tech Stake by 13.6%

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Duff & Phelps Investment Management Co. lowered its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 13.6% during the third quarter, according to the company's recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 269,216 shares of the industrial products company's stock, valued at $8,986,000.

Why it matters

Tetra Tech is a leading provider of consulting and engineering services, with a focus on water, environment, infrastructure, resource management and energy sectors. Institutional investors like Duff & Phelps closely monitor and adjust their holdings in companies like Tetra Tech, which can provide insights into the overall market sentiment and performance outlook for the stock.

The details

According to the 13F filing, Duff & Phelps sold 42,512 shares of Tetra Tech during the third quarter, reducing its stake in the company by 13.6%. The investment firm now owns 269,216 shares, or 0.10% of Tetra Tech's outstanding stock. The sale comes as Tetra Tech's stock price has fluctuated in recent months, with the share price ranging from a 52-week low of $27.27 to a high of $43.14.

• Duff & Phelps reduced its Tetra Tech holdings during the third quarter of the year.