Legal & General Group Plc Takes Position in TIC Solutions, Inc $TIC

Key Points

• Legal & General Group acquired 107,329 shares of TIC Solutions in the second quarter, valued at approximately $868,000. Other institutional investors, including Dimensional Fund Advisors and Millennium Management, also established or expanded positions.
• TIC Solutions reported quarterly earnings of $0.14 per share, exceeding analyst estimates 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.
• The stock opened at $9.38, while analysts maintain a consensus “Hold” rating and a $12.00 target price. Recent ratings included upgrades from UBS and JPMorgan, alongside a sell rating from Weiss Ratings.

Legal & General Group Plc acquired a new position in TIC Solutions, Inc (NYSE:TIC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 107,329 shares of the company's stock, valued at approximately $868,000.

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

TIC Solutions Stock Up 0.2%

TIC stock opened at $9.38 on Tuesday. TIC Solutions, Inc has a one year low of $6.36 and a one year 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 firm's fifty day moving average is $8.46 and its 200 day moving average is $8.41. The firm has a market cap of $2.05 billion, a PE ratio of -16.17 and a beta of 2.96.

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 for the quarter, topping 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 during the quarter. On average, research analysts forecast that TIC Solutions, Inc will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

TIC has been the subject of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of TIC Solutions in a research report on Tuesday, June 9th. Robert W. Baird set a $10.00 price target on TIC Solutions in a research report on Friday, August 7th. UBS Group raised TIC Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $12.50 in a report on Tuesday, August 11th. Zacks Research upgraded TIC Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised TIC Solutions from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.00.

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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