Dimensional Fund Advisors LP Boosts Stock Holdings in TIC Solutions, Inc $TIC

Dimensional Fund Advisors LP grew its holdings in TIC Solutions, Inc (NYSE:TIC) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,573,446 shares of the company’s stock after purchasing an additional 308,840 shares during the quarter. Dimensional Fund Advisors LP’s holdings in TIC Solutions were worth $23,514,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TIC. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TIC Solutions during the fourth quarter valued at approximately $2,246,000. Tudor Investment Corp ET AL purchased a new stake in TIC Solutions during the third quarter worth $1,832,000. Swedbank AB lifted its holdings in TIC Solutions by 7.0% during the first quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock worth $28,820,000 after buying an additional 286,000 shares during the period. Bank of New York Mellon Corp boosted its position in TIC Solutions by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,385,942 shares of the company’s stock valued at $35,440,000 after acquiring an additional 406,255 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in TIC Solutions during the 3rd quarter valued at $53,000.

TIC Solutions Stock Up 6.1%

Shares of TIC stock opened at $8.68 on Friday. TIC Solutions, Inc has a 1-year low of $6.36 and a 1-year high of $14.94. The stock’s fifty day moving average price is $7.86 and its 200 day moving average price is $8.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.06 and a quick ratio of 3.06. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -16.70 and a beta of 2.83.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TIC shares. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. UBS Group raised their price objective on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Roth Capital reiterated a “buy” rating and issued a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.50.

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.