Tudor Investment Corp ET AL Buys Shares of 137,667 TIC Solutions, Inc $TIC

Tudor Investment Corp ET AL bought a new stake in TIC Solutions, Inc (NYSE:TIC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 137,667 shares of the company’s stock, valued at approximately $1,832,000.

Other hedge funds have also made changes to their positions in the company. Progeny 3 Inc. lifted its position in shares of TIC Solutions by 1.7% during the third quarter. Progeny 3 Inc. now owns 15,255,800 shares of the company’s stock worth $203,055,000 after purchasing an additional 255,800 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of TIC Solutions by 100.8% during the third quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock worth $113,517,000 after purchasing an additional 4,280,384 shares in the last quarter. Swedbank AB acquired a new stake in shares of TIC Solutions during the third quarter worth about $43,923,000. Dimensional Fund Advisors LP acquired a new stake in shares of TIC Solutions during the third quarter worth about $43,579,000. Finally, Cercano Management LLC acquired a new stake in shares of TIC Solutions during the third quarter worth about $38,629,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TIC. UBS Group reduced their price target on shares of TIC Solutions from $11.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Roth Mkm began coverage on shares of TIC Solutions in a research report on Tuesday, March 17th. They set a “buy” rating and a $10.00 price target on the stock. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Weiss Ratings began coverage on shares of TIC Solutions in a research report on Thursday, March 12th. They set a “sell (d-)” rating on the stock. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $7.00 price target (down from $8.00) on shares of TIC Solutions in a research report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $11.00.

TIC Solutions Stock Down 0.3%

Shares of NYSE:TIC opened at $7.13 on Monday. The firm’s 50 day moving average price is $8.46 and its 200 day moving average price is $10.21. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -13.19 and a beta of 2.46. TIC Solutions, Inc has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.73.

TIC Solutions (NYSE:TIC) last issued its earnings results on Thursday, March 12th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.29). The firm had revenue of $508.27 million during the quarter, compared to analyst estimates of $531.05 million. TIC Solutions had a negative net margin of 5.69% and a negative return on equity of 4.37%.

TIC Solutions 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.