Carlson Capital L.P. Takes $572,000 Position in TIC Solutions, Inc $TIC

Carlson Capital L.P. acquired a new position in TIC Solutions, Inc (NYSE:TIC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 87,000 shares of the company’s stock, valued at approximately $572,000.

Several other institutional investors have also recently made changes to their positions in the business. National Bank of Canada FI purchased a new stake in TIC Solutions in the third quarter valued at $53,000. Principal Financial Group Inc. acquired a new stake in TIC Solutions during the 1st quarter worth about $69,000. Tower Research Capital LLC TRC purchased a new position in shares of TIC Solutions during the 2nd quarter valued at about $82,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of TIC Solutions by 10.1% during 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 during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of TIC Solutions in the 2nd quarter valued at about $97,000.

TIC Solutions Price Performance

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

Wall Street Analyst Weigh In

Several research firms recently commented on TIC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Roth Capital reissued a “buy” rating and issued a $11.50 price target on shares of TIC Solutions in a report on Thursday, May 7th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a research report on Thursday, May 7th. UBS Group raised their price objective on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

About TIC Solutions

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.