186,683 Shares in TIC Solutions, Inc $TIC Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 186,683 shares of TIC Solutions during the second quarter, valued at approximately $1.51 million and representing about 0.08% of the company. Several other institutional investors also recently initiated positions.
• TIC Solutions reported quarterly EPS of $0.14, beating analyst expectations of $0.10, on revenue of $584.35 million. However, the company posted a negative net margin of 5.64% and negative return on equity of 2.30%.
• Analyst sentiment remains mixed, with three Buy, three Hold, and one Sell rating; the consensus rating is Hold with an average price target of $12.00, compared with a recent share price of $9.52.

Deutsche Bank AG bought a new position in shares of TIC Solutions, Inc (NYSE:TIC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 186,683 shares of the company's stock, valued at approximately $1,510,000. Deutsche Bank AG owned about 0.08% of TIC Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TIC. National Bank of Canada FI bought a new position in TIC Solutions during the 3rd quarter worth $53,000. Tower Research Capital LLC TRC acquired a new position in TIC Solutions during the 2nd quarter worth about $82,000. Dauntless Investment Group LLC bought a new stake in shares of TIC Solutions in the 3rd quarter valued at about $110,000. BNP Paribas Financial Markets bought a new stake in shares of TIC Solutions in the 2nd quarter valued at about $97,000. Finally, Financial Avengers Inc. acquired a new stake in shares of TIC Solutions in the third quarter valued at about $120,000.

TIC Solutions Price Performance

Shares of TIC opened at $9.52 on Friday. The firm has a market cap of $2.08 billion, a PE ratio of -16.41 and a beta of 2.83. TIC Solutions, Inc has a 52-week low of $6.36 and a 52-week high of $14.94. The business's 50 day moving average price is $8.31 and its two-hundred day moving average price is $8.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TIC. Robert W. Baird set a $10.00 price objective on TIC Solutions in a research report on Friday, August 7th. Zacks Research raised shares of TIC Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. UBS Group upgraded shares of TIC Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $11.00 to $12.50 in a research report on Tuesday, August 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Finally, Roth Capital restated a "buy" rating and issued a $11.50 target price on shares of TIC Solutions in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.00.

TIC Solutions Company 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.

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