Expect Equity LLC Takes Position in TIC Solutions, Inc $TIC

Key Points

• Expect Equity LLC acquired 138,478 shares of TIC Solutions during the second quarter, worth approximately $1.12 million and representing about 0.06% of the company. Other major investors, including Dimensional Fund Advisors and Millennium Management, also recently established positions.
• Analyst sentiment is mixed but has improved, with UBS upgrading the stock to “buy” and raising its target to $12.50. The consensus rating remains “Hold,” with an average price target of $12.00.
• TIC Solutions shares opened at $9.70 after rising 4.5%; the company recently reported quarterly EPS of $0.14, beating estimates of $0.10, on revenue of $584.35 million. Despite the earnings beat, the company recorded a negative net margin of 5.64%.

Expect Equity LLC purchased a new stake in shares of TIC Solutions, Inc (NYSE:TIC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 138,478 shares of the company's stock, valued at approximately $1,120,000. Expect Equity LLC owned approximately 0.06% of TIC Solutions at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new position in TIC Solutions during the 3rd quarter valued at about $43,579,000. Millennium Management LLC purchased a new stake in shares of TIC Solutions in the third quarter worth approximately $29,705,000. Alyeska Investment Group L.P. boosted its holdings in shares of TIC Solutions by 331.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,090,748 shares of the company's stock worth $27,828,000 after purchasing an additional 1,606,200 shares during the period. NewEdge Wealth LLC acquired a new stake in shares of TIC Solutions during the second quarter worth approximately $8,030,000. Finally, Bank of New York Mellon Corp purchased a new position in TIC Solutions during the second quarter valued at approximately $4,468,000.

Wall Street Analysts Forecast Growth

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

TIC Solutions Trading Up 4.5%

NYSE:TIC opened at $9.70 on Wednesday. The stock's 50 day moving average price is $8.23 and its 200 day moving average price is $8.42. TIC Solutions, Inc has a 52 week low of $6.36 and a 52 week high of $14.94. The company has a market capitalization of $2.12 billion, a P/E ratio of -16.72 and a beta of 2.83. 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 posted its earnings results 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, research analysts forecast that TIC Solutions, Inc will post 0.31 EPS for the current fiscal year.

About TIC Solutions

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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