Zacks Research upgraded shares of TIC Solutions (NYSE:TIC – Free Report) from a strong sell rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.
Several other research analysts have also issued reports on the company. Robert W. Baird set a $11.00 target price on TIC Solutions in a research report on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. UBS Group raised their price objective on TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TIC Solutions presently has an average rating of “Hold” and a consensus target price of $11.50.
Check Out Our Latest Report on TIC
TIC Solutions Price Performance
Institutional Trading of TIC Solutions
Several hedge funds have recently modified their holdings of the stock. Progeny 3 Inc. boosted its stake in TIC Solutions by 0.6% during the first quarter. Progeny 3 Inc. now owns 15,323,105 shares of the company’s stock worth $100,826,000 after acquiring an additional 92,015 shares in the last quarter. Bank of New York Mellon Corp increased its stake in TIC Solutions by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 5,385,942 shares of the company’s stock valued at $35,440,000 after purchasing an additional 406,255 shares in the last quarter. Swedbank AB raised its holdings in shares of TIC Solutions by 7.0% during the first quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock valued at $28,820,000 after purchasing an additional 286,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of TIC Solutions by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,573,446 shares of the company’s stock valued at $23,514,000 after purchasing an additional 308,840 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of TIC Solutions during the third quarter valued at about $29,705,000.
About TIC Solutions
Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.
In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.
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