Swedbank AB Buys 286,000 Shares of TIC Solutions, Inc $TIC

Swedbank AB increased its stake in shares of TIC Solutions, Inc (NYSE:TIC) by 7.0% in the first quarter, Holdings Channel.com reports. The firm owned 4,380,000 shares of the company’s stock after buying an additional 286,000 shares during the quarter. Swedbank AB’s holdings in TIC Solutions were worth $28,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in shares of TIC Solutions during the third quarter worth $33,000. HB Wealth Management LLC increased its holdings in TIC Solutions by 22.9% in the 1st quarter. HB Wealth Management LLC now owns 18,521 shares of the company’s stock worth $122,000 after purchasing an additional 3,445 shares in the last quarter. National Bank of Canada FI bought a new position in TIC Solutions in the third quarter valued at about $53,000. Tower Research Capital LLC TRC acquired a new stake in shares of TIC Solutions during the second quarter valued at about $82,000. Finally, Dauntless Investment Group LLC bought a new stake in shares of TIC Solutions during the third quarter worth about $110,000.

Wall Street Analyst Weigh In

TIC has been the subject of a number of research reports. Roth Capital reiterated a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. Robert W. Baird set a $11.00 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, TIC Solutions currently has a consensus rating of “Reduce” and an average target price of $11.50.

TIC Solutions Trading Up 0.3%

Shares of TIC stock opened at $7.93 on Thursday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -15.26 and a beta of 2.81. The stock has a 50-day moving average of $8.57 and a 200-day moving average of $8.98. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. TIC Solutions, Inc has a 1-year low of $6.36 and a 1-year high of $14.94.

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.