The Manufacturers Life Insurance Company Makes New $693,000 Investment in TIC Solutions, Inc $TIC

The Manufacturers Life Insurance Company acquired a new stake in shares of TIC Solutions, Inc (NYSE:TIC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 85,624 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of TIC Solutions during the second quarter worth about $29,000. National Bank of Canada FI purchased a new position in TIC Solutions in the 3rd quarter valued at about $53,000. Principal Financial Group Inc. acquired a new stake in TIC Solutions in the 1st quarter worth about $69,000. Tower Research Capital LLC TRC acquired a new stake in TIC Solutions in the 2nd quarter worth about $82,000. Finally, 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 in the last quarter.

TIC Solutions Price Performance

TIC stock opened at $9.38 on Monday. TIC Solutions, Inc has a 1 year low of $6.36 and a 1 year high of $14.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $2.05 billion, a PE ratio of -16.17 and a beta of 2.96. The business has a 50 day simple moving average of $8.43 and a 200-day simple moving average of $8.41.

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

Analyst Ratings Changes

TIC has been the subject of a number of research analyst reports. UBS Group raised TIC Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $11.00 to $12.50 in a report on Tuesday, August 11th. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of TIC Solutions from an “underweight” rating to a “neutral” rating and increased their target price for the company from $9.00 to $11.00 in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, TIC Solutions has an average rating of “Hold” and an average price target of $12.00.

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.