229,235 Shares in Acuren Corp $TIC Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. bought a new stake in Acuren Corp (NYSEAMERICAN:TIC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 229,235 shares of the company’s stock, valued at approximately $3,051,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TIC. Geode Capital Management LLC acquired a new position in Acuren during the 2nd quarter valued at about $25,003,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Acuren in the second quarter valued at approximately $117,000. Huntleigh Advisors Inc. bought a new stake in shares of Acuren during the third quarter valued at approximately $1,582,000. Schwartz Investment Counsel Inc. acquired a new position in shares of Acuren during the third quarter worth approximately $3,513,000. Finally, Swiss National Bank bought a new position in Acuren in the 2nd quarter worth approximately $1,153,000.

Acuren Trading Down 2.2%

Acuren stock opened at $9.36 on Friday. The stock has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $11.03. Acuren Corp has a 52-week low of $8.76 and a 52-week high of $14.94.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TIC shares. Zacks Research raised Acuren to a “hold” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. began coverage on shares of Acuren in a research note on Friday, January 9th. They set an “overweight” rating and a $16.00 price objective on the stock. UBS Group decreased their target price on shares of Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, November 14th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $15.00 target price on shares of Acuren in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Acuren presently has a consensus rating of “Hold” and an average price target of $14.38.

Acuren 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.