Dimensional Fund Advisors LP Purchases 308,840 Shares of TIC Solutions, Inc $TIC

Key Points

• Dimensional Fund Advisors increased its TIC Solutions position by 9.5%, purchasing 308,840 shares to own 3.57 million shares, or 1.62% of the company, valued at approximately $23.5 million.
• TIC Solutions shares rose 6.1% to $8.68, while the stock remains below its 12-month high of $14.94 and has a market capitalization of about $1.92 billion.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $11.50; targets range from $9.00 to $11.50, including Buy, Hold and Sell recommendations.

Dimensional Fund Advisors LP raised its position in TIC Solutions, Inc (NYSE:TIC - Free Report) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,573,446 shares of the company's stock after purchasing an additional 308,840 shares during the quarter. Dimensional Fund Advisors LP owned 1.62% of TIC Solutions worth $23,514,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of TIC Solutions by 10.1% in the first 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 during the period. HB Wealth Management LLC lifted its stake in shares of TIC Solutions by 22.9% during the 1st quarter. HB Wealth Management LLC now owns 18,521 shares of the company's stock worth $122,000 after acquiring an additional 3,445 shares during the last quarter. National Bank of Canada FI purchased a new position in TIC Solutions during the 3rd quarter valued at $53,000. Tower Research Capital LLC TRC purchased a new position in TIC Solutions during the 2nd quarter valued at $82,000. Finally, Dauntless Investment Group LLC bought a new position in TIC Solutions in the 3rd quarter valued at $110,000.

TIC Solutions Trading Up 6.1%

Shares of NYSE TIC opened at $8.68 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $8.49. The firm has a market cap of $1.92 billion, a PE ratio of -16.70 and a beta of 2.83. TIC Solutions, Inc has a twelve month low of $6.36 and a twelve month high of $14.94.

Wall Street Analysts Forecast Growth

TIC has been the topic of a number of recent analyst reports. UBS Group increased their target price on TIC Solutions from $8.00 to $11.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. Roth Capital reaffirmed a "buy" rating and issued a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TIC Solutions from $7.00 to $9.00 and gave the company an "underweight" rating in a research report on Thursday, May 7th. Two 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's stock. According to data from MarketBeat, the stock presently has an average 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.

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