87,000 Shares in TIC Solutions, Inc $TIC Bought by Carlson Capital L.P.

Carlson Capital L.P. acquired a new position in shares of TIC Solutions, Inc (NYSE:TICFree Report) in the first quarter, Holdings Channel.com reports. The firm acquired 87,000 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TIC. National Bank of Canada FI acquired a new stake in shares of TIC Solutions in the third quarter valued at about $53,000. Principal Financial Group Inc. acquired a new position in shares of TIC Solutions during the 1st quarter worth about $69,000. Tower Research Capital LLC TRC acquired a new position in shares of TIC Solutions during the 2nd quarter worth about $82,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in TIC Solutions by 10.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock valued at $83,000 after buying an additional 1,165 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in TIC Solutions in the 2nd quarter valued at about $97,000.

Analyst Upgrades and Downgrades

TIC has been the subject of several research reports. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th. Robert W. Baird set a $11.00 price target on TIC Solutions in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price target on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Finally, Roth Capital reissued a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.50.

Check Out Our Latest Report on TIC Solutions

TIC Solutions Stock Performance

TIC opened at $7.30 on Friday. TIC Solutions, Inc has a twelve month low of $6.36 and a twelve month high of $14.94. The firm has a market capitalization of $1.61 billion, a PE ratio of -14.04 and a beta of 2.81. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. The firm’s 50-day moving average price is $7.88 and its 200 day moving average price is $8.60.

TIC Solutions Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TIC Solutions (NYSE:TIC)

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