TIC Solutions, Inc $TIC Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its stake in TIC Solutions by 328.9% in Q3, adding 160,992 shares to hold 209,938 shares worth about $2.79 million per its latest 13F filing.
• TIC missed quarterly estimates, reporting an EPS of -$0.17 (vs. $0.12 expected) and revenue of $508.3M (vs. $531.1M expected), leaving the company with a negative net margin and negative return on equity.
• Shares trade near $6.93 (1‑year range $6.36–$14.94) and analyst sentiment is mixed-to-negative — MarketBeat shows an average rating of "Reduce" with a consensus target of $11 while major firms (including JPMorgan and UBS) have lowered price targets to $7–$8.

JPMorgan Chase & Co. raised its position in TIC Solutions, Inc (NYSE:TIC - Free Report) by 328.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,938 shares of the company's stock after acquiring an additional 160,992 shares during the quarter. JPMorgan Chase & Co.'s holdings in TIC Solutions were worth $2,794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of TIC Solutions by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company's stock valued at $30,000 after purchasing an additional 1,258 shares in the last quarter. Granite FO LLC acquired a new position in shares of TIC Solutions during the third quarter worth $27,000. FNY Investment Advisers LLC purchased a new position in TIC Solutions in the third quarter valued at $33,000. Voya Investment Management LLC increased its holdings in TIC Solutions by 9.0% in the third quarter. Voya Investment Management LLC now owns 31,384 shares of the company's stock valued at $418,000 after buying an additional 2,598 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in TIC Solutions in the third quarter valued at $38,000.

TIC Solutions Stock Down 0.3%

Shares of NYSE:TIC opened at $6.93 on Monday. TIC Solutions, Inc has a 1-year low of $6.36 and a 1-year high of $14.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.20 and a quick ratio of 3.20. The stock has a market cap of $1.53 billion, a P/E ratio of -12.84 and a beta of 2.46. The firm has a fifty day moving average price of $8.79 and a 200 day moving average price of $10.46.

TIC Solutions (NYSE:TIC - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.29). TIC Solutions had a negative net margin of 5.69% and a negative return on equity of 4.37%. The business had revenue of $508.27 million during the quarter, compared to analyst estimates of $531.05 million.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TIC shares. Zacks Research cut TIC Solutions from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 12th. UBS Group decreased their target price on TIC Solutions from $11.50 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, March 17th. Weiss Ratings assumed coverage on TIC Solutions in a report on Thursday, March 12th. They issued a "sell (d-)" rating for the company. Roth Mkm assumed coverage on shares of TIC Solutions in a research note on Tuesday, March 17th. They issued a "buy" rating and a $10.00 price target on the stock. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $7.00 price objective (down from $8.00) on shares of TIC Solutions in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, TIC Solutions currently has an average rating of "Reduce" and a consensus target price of $11.00.

TIC Solutions Company 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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