TIC Solutions, Inc $TIC Stock: Schwartz Investment Counsel Inc. Reduces Position

Schwartz Investment Counsel Inc. lessened its holdings in shares of TIC Solutions, Inc (NYSE:TIC) by 39.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 264,556 shares of the company’s stock after selling 173,911 shares during the period. Schwartz Investment Counsel Inc.’s holdings in TIC Solutions were worth $2,201,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in TIC Solutions in the third quarter valued at approximately $85,000. Versant Capital Management Inc raised its holdings in TIC Solutions by 446.1% during the third quarter. Versant Capital Management Inc now owns 4,822 shares of the company’s stock worth $40,000 after purchasing an additional 3,939 shares in the last quarter. NewEdge Advisors LLC raised its holdings in TIC Solutions by 9.2% during the second quarter. NewEdge Advisors LLC now owns 28,210 shares of the company’s stock worth $228,000 after purchasing an additional 2,365 shares in the last quarter. IFP Advisors Inc raised its holdings in TIC Solutions by 137.5% during the second quarter. IFP Advisors Inc now owns 3,441 shares of the company’s stock worth $28,000 after purchasing an additional 1,992 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of TIC Solutions by 522.5% during the 2nd quarter. Squarepoint Ops LLC now owns 302,249 shares of the company’s stock worth $2,445,000 after buying an additional 253,697 shares during the last quarter.

TIC Solutions Trading Up 4.6%

TIC stock opened at $10.02 on Wednesday. The company has a fifty day moving average price of $9.14 and a 200 day moving average price of $8.80. TIC Solutions, Inc has a 12 month low of $6.36 and a 12 month high of $12.94.

TIC Solutions (NYSE:TIC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $584.35 million for the quarter. Analysts forecast that TIC Solutions, Inc will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a report on Friday, September 4th. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded shares of TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $11.00 in a research note on Friday, August 21st. UBS Group reissued a “buy” rating on shares of TIC Solutions in a research report on Monday, October 19th. Finally, Robert W. Baird set a $10.00 price objective on shares of TIC Solutions in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $12.00.

About TIC Solutions

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.