Ieq Capital LLC Invests $859,000 in TIC Solutions, Inc $TIC

Ieq Capital LLC acquired a new stake in TIC Solutions, Inc (NYSE:TIC) in the second quarter, Holdings Channel.com reports. The fund acquired 106,175 shares of the company’s stock, valued at approximately $859,000.

Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in TIC Solutions during the 3rd quarter valued at about $53,000. Principal Financial Group Inc. purchased a new position in shares of TIC Solutions in the first quarter valued at approximately $69,000. Tower Research Capital LLC TRC acquired a new position in shares of TIC Solutions in the second quarter valued at approximately $82,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in 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 worth $83,000 after buying an additional 1,165 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in TIC Solutions during the 2nd quarter worth approximately $97,000.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Roth Capital restated a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

TIC Solutions Stock Up 0.1%

Shares of NYSE:TIC opened at $9.82 on Friday. The firm has a 50 day simple moving average of $8.29 and a 200-day simple moving average of $8.42. TIC Solutions, Inc has a twelve month low of $6.36 and a twelve month high of $14.94. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2.14 billion, a PE ratio of -16.93 and a beta of 2.83.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. TIC Solutions had a negative net margin of 5.64% and a negative return on equity of 2.30%. The firm had revenue of $584.35 million for the quarter. On average, equities analysts predict that TIC Solutions, Inc will post 0.29 EPS for the current fiscal year.

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.