NewEdge Wealth LLC acquired a new position in shares of TIC Solutions, Inc (NYSE:TIC – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 992,629 shares of the company’s stock, valued at approximately $8,030,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in shares of TIC Solutions in the third quarter valued at approximately $53,000. Tower Research Capital LLC TRC purchased a new stake in shares of TIC Solutions during the second quarter worth approximately $82,000. Dauntless Investment Group LLC acquired a new stake in shares of TIC Solutions during the third quarter worth $110,000. BNP Paribas Financial Markets acquired a new stake in shares of TIC Solutions during the second quarter worth $97,000. Finally, Financial Avengers Inc. purchased a new position in TIC Solutions in the 3rd quarter valued at $120,000.
TIC Solutions Trading Down 1.2%
Shares of TIC stock opened at $9.19 on Thursday. The business’s fifty day moving average price is $8.15 and its 200 day moving average price is $8.43. TIC Solutions, Inc has a 1-year low of $6.36 and a 1-year high of $14.94. The firm has a market capitalization of $2.00 billion, a PE ratio of -15.84 and a beta of 2.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.91 and a quick ratio of 2.91.
Analyst Ratings Changes
TIC has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group raised shares of TIC Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $11.00 to $12.50 in a report on Tuesday, August 11th. Roth Capital reiterated a “buy” rating and set a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.60.
Get Our Latest Report on TIC Solutions
TIC Solutions Company Profile
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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