Alyeska Investment Group L.P. Has $150.51 Million Holdings in TIC Solutions, Inc $TIC

Key Points

• Alyeska Investment Group reduced its TIC Solutions stake by 0.8% in the second quarter but still held 18.6 million shares worth approximately $150.5 million, representing about 8.53% of the company.
• Analyst sentiment is mixed but improving: UBS upgraded the stock to “buy,” while the overall consensus remains “hold,” with an average price target of $12.00 versus the reported share price of $9.52.
• TIC Solutions reported quarterly EPS of $0.14, exceeding the $0.10 consensus estimate, on revenue of $584.35 million. The stock has traded between $6.36 and $14.94 over the past year.

Alyeska Investment Group L.P. decreased its holdings in TIC Solutions, Inc (NYSE:TIC - Free Report) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,604,954 shares of the company's stock after selling 157,834 shares during the period. Alyeska Investment Group L.P. owned about 8.53% of TIC Solutions worth $150,514,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in shares of TIC Solutions during the first quarter worth approximately $4,429,000. JPMorgan Chase & Co. lifted its position in TIC Solutions by 1,512.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 48,946 shares of the company's stock worth $540,000 after buying an additional 45,910 shares in the last quarter. Legal & General Group Plc purchased a new stake in TIC Solutions in the 2nd quarter worth approximately $666,000. Rhumbline Advisers acquired a new stake in shares of TIC Solutions during the 2nd quarter valued at $1,531,000. Finally, Prudential Financial Inc. acquired a new stake in shares of TIC Solutions during the 2nd quarter valued at $132,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TIC. Roth Capital reaffirmed a "buy" rating and set a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. UBS Group raised TIC Solutions from a "neutral" rating to a "buy" rating and boosted their price target for the company from $11.00 to $12.50 in a research note on Tuesday, August 11th. Zacks Research upgraded TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. Robert W. Baird set a $10.00 price objective on shares of TIC Solutions in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of TIC Solutions from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.00.

TIC Solutions Stock Performance

NYSE:TIC opened at $9.52 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of -16.41 and a beta of 2.83. TIC Solutions, Inc has a 1 year low of $6.36 and a 1 year 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 firm's fifty day simple moving average is $8.31 and its 200 day simple moving average is $8.43.

TIC Solutions (NYSE:TIC - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $584.35 million during the quarter. On average, sell-side analysts anticipate that TIC Solutions, Inc will post 0.29 EPS for the current year.

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.

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