Expect Equity LLC Invests $1.12 Million in TIC Solutions, Inc $TIC

Expect Equity LLC acquired a new position in shares of TIC Solutions, Inc (NYSE:TIC) in the 2nd quarter, Holdings Channel reports. The fund acquired 138,478 shares of the company’s stock, valued at approximately $1,120,000.

Several other hedge funds have also recently added to or reduced their stakes in TIC. Quantbot Technologies LP bought a new position in TIC Solutions in the 2nd quarter worth approximately $29,000. National Bank of Canada FI bought a new position in TIC Solutions during the third quarter worth $53,000. Principal Financial Group Inc. bought a new position in TIC Solutions during the first quarter worth $69,000. Tower Research Capital LLC TRC acquired a new position in TIC Solutions during the 2nd quarter valued at $82,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in TIC Solutions by 10.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock valued at $83,000 after purchasing an additional 1,165 shares during the period.

TIC Solutions Stock Performance

NYSE TIC opened at $9.70 on Wednesday. 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 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.76. The stock has a market cap of $2.12 billion, a P/E ratio of -16.72 and a beta of 2.83. The company’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $8.42.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The firm 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%. As a group, research analysts forecast that TIC Solutions, Inc will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Roth Capital restated a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $9.00 to $11.00 in a research report on Friday, August 21st. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Finally, UBS Group raised TIC Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $12.50 in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TIC Solutions presently has a consensus rating of “Hold” and an average price target 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.