Ieq Capital LLC Acquires New Stake in TIC Solutions, Inc $TIC

Key Points

• Ieq Capital acquired 106,175 shares of TIC Solutions during the second quarter, valued at approximately $859,000. Several other institutional investors also increased or initiated positions.
• TIC Solutions reported quarterly EPS of $0.14, exceeding the $0.10 analyst consensus, on revenue of $584.35 million. However, the company posted a negative net margin of 5.64% and negative return on equity.
• Analyst sentiment is mixed but improving, with recent upgrades from UBS and JPMorgan. The stock has a consensus “Hold” rating and an average price target of $12.00, compared with a recent price of $9.82.

Ieq Capital LLC acquired a new stake in TIC Solutions, Inc (NYSE:TIC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 106,175 shares of the company's stock, valued at approximately $859,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TIC Solutions during the 4th quarter valued at about $2,246,000. Quantinno Capital Management LP boosted its holdings in shares of TIC Solutions by 605.5% during the 1st quarter. Quantinno Capital Management LP now owns 177,066 shares of the company's stock worth $1,165,000 after purchasing an additional 151,968 shares during the last quarter. Swedbank AB boosted its holdings in shares of TIC Solutions by 7.0% during the 1st quarter. Swedbank AB now owns 4,380,000 shares of the company's stock worth $28,820,000 after purchasing an additional 286,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TIC Solutions by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,573,446 shares of the company's stock valued at $23,514,000 after purchasing an additional 308,840 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new stake in shares of TIC Solutions in the second quarter valued at approximately $8,030,000.

TIC Solutions Trading Up 0.1%

Shares of TIC Solutions stock opened at $9.82 on Friday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -16.93 and a beta of 2.83. TIC Solutions, Inc has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. The stock has a 50 day moving average of $8.29 and a 200 day moving average of $8.42.

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, beating analysts' consensus estimates of $0.10 by $0.04. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%.The company had revenue of $584.35 million for the quarter. As a group, research analysts predict that TIC Solutions, Inc will post 0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TIC shares. Weiss Ratings reissued a "sell (d-)" rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Zacks Research raised TIC Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. UBS Group upgraded TIC Solutions from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $11.00 to $12.50 in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised shares of TIC Solutions from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $9.00 to $11.00 in a report on Friday, August 21st. Finally, Roth Capital reissued a "buy" rating and issued a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Three 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 data from MarketBeat, TIC Solutions presently has a consensus rating of "Hold" and an average price target of $12.00.

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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