KLP Kapitalforvaltning AS Takes $124,000 Position in Acuren Corp $TIC

KLP Kapitalforvaltning AS bought a new stake in Acuren Corp (NYSEAMERICAN:TIC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,200 shares of the company’s stock, valued at approximately $124,000.

A number of other institutional investors also recently modified their holdings of TIC. HB Wealth Management LLC bought a new position in shares of Acuren in the second quarter valued at approximately $166,000. Goldman Sachs Group Inc. bought a new position in Acuren in the 1st quarter worth approximately $4,429,000. Finally, Clearline Capital LP bought a new position in Acuren in the 1st quarter worth approximately $33,254,000.

Acuren Price Performance

TIC opened at $12.13 on Wednesday. The stock’s fifty day simple moving average is $12.09. Acuren Corp has a 52 week low of $8.76 and a 52 week high of $14.94.

Wall Street Analyst Weigh In

TIC has been the subject of several research analyst reports. UBS Group dropped their price objective on shares of Acuren from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Baird R W upgraded shares of Acuren to a “hold” rating in a research report on Thursday, October 9th. Robert W. Baird initiated coverage on shares of Acuren in a research report on Thursday, October 9th. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Acuren in a research report on Thursday, August 28th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Acuren presently has a consensus rating of “Hold” and an average target price of $13.00.

Acuren Profile

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component.