Quantinno Capital Management LP Has $1.17 Million Stock Holdings in TIC Solutions, Inc $TIC

Key Points

• Quantinno Capital Management increased its TIC Solutions stake by 605.5% in the first quarter, ending with 177,066 shares worth approximately $1.17 million. Other institutional investors, including Dimensional Fund Advisors and Millennium Management, also established significant positions.
• TIC shares opened at $9.89, with a 52-week range of $6.36 to $14.94 and a market capitalization of about $2.16 billion. The company reported strong liquidity, with a quick ratio of 3.06, but a negative price-to-earnings ratio of -17.05.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $11.60. Price targets range from $9.00 at JPMorgan, which maintains an underweight rating, to $12.50 at UBS, which upgraded the stock to buy.

Quantinno Capital Management LP boosted its stake in shares of TIC Solutions, Inc (NYSE:TIC - Free Report) by 605.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,066 shares of the company's stock after purchasing an additional 151,968 shares during the quarter. Quantinno Capital Management LP owned about 0.08% of TIC Solutions worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TIC. Dimensional Fund Advisors LP bought a new position in shares of TIC Solutions in the third quarter valued at about $43,579,000. Millennium Management LLC bought a new stake in shares of TIC Solutions during the 3rd quarter worth about $29,705,000. Alyeska Investment Group L.P. boosted its holdings in shares of TIC Solutions by 331.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,090,748 shares of the company's stock worth $27,828,000 after buying an additional 1,606,200 shares during the period. Nishkama Capital LLC acquired a new position in TIC Solutions in the 3rd quarter valued at about $5,703,000. Finally, Bank of New York Mellon Corp grew its stake in TIC Solutions by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,385,942 shares of the company's stock valued at $35,440,000 after buying an additional 406,255 shares during the last quarter.

TIC Solutions Price Performance

Shares of TIC Solutions stock opened at $9.89 on Friday. TIC Solutions, Inc has a twelve month low of $6.36 and a twelve month high of $14.94. The company has a quick ratio of 3.06, a current ratio of 2.91 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $8.09 and a two-hundred day simple moving average of $8.47. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -17.05 and a beta of 2.83.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TIC. JPMorgan Chase & Co. raised their price objective on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an "underweight" rating in a research report on Thursday, May 7th. Robert W. Baird set a $10.00 target price on TIC Solutions in a research note on Friday, August 7th. Roth Capital reissued a "buy" rating and set a $11.50 price target on shares of TIC Solutions in a report on Thursday, May 7th. UBS Group upgraded 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. Finally, Zacks Research raised TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, TIC Solutions currently has a consensus rating of "Hold" and a consensus target price of $11.60.

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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