BlackRock Amends TETRA TECH INC Stake (16th Amendment)
Ticker: TTEK · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 831641
| Field | Detail |
|---|---|
| Company | Tetra Tech Inc (TTEK) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its TETRA TECH INC stake, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating a change in its ownership of TETRA TECH INC's Common Stock as of December 31, 2023. This is the 16th amendment to their filing, showing BlackRock continues to be a significant institutional holder in TETRA TECH INC. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects, potentially influencing stock stability and liquidity.
Why It Matters
This filing shows BlackRock's updated position in TETRA TECH INC, providing transparency on a major institutional investor's holdings and their ongoing interest in the company.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk to the stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in TETRA TECH INC, which can be a positive signal of institutional confidence, but this filing alone doesn't warrant immediate action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- TETRA TECH INC (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- 88162G103 (other) — the CUSIP number for TETRA TECH INC Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is TETRA TECH INC, as stated in the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TETRA TECH INC' section and 'TETRA TECH INC (Name of Issuer)'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of TETRA TECH INC is 88162G103, as listed under 'CUSIP No. 88162G103' and '(CUSIP Number) 88162G103'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding TETRA TECH INC (TTEK).