TIC Solutions, Inc $TIC Stock Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its holdings in shares of TIC Solutions, Inc (NYSE:TIC) by 39.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 264,556 shares of the company’s stock after selling 173,911 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.12% of TIC Solutions worth $2,201,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in TIC. State of Alaska Department of Revenue acquired a new stake in TIC Solutions during the 3rd quarter worth approximately $85,000. Versant Capital Management Inc raised its stake in shares of TIC Solutions by 446.1% in the third quarter. Versant Capital Management Inc now owns 4,822 shares of the company’s stock valued at $40,000 after acquiring an additional 3,939 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of TIC Solutions by 9.2% in the second quarter. NewEdge Advisors LLC now owns 28,210 shares of the company’s stock valued at $228,000 after acquiring an additional 2,365 shares in the last quarter. IFP Advisors Inc raised its stake in shares of TIC Solutions by 137.5% in the second quarter. IFP Advisors Inc now owns 3,441 shares of the company’s stock valued at $28,000 after acquiring an additional 1,992 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of TIC Solutions by 522.5% in the second quarter. Squarepoint Ops LLC now owns 302,249 shares of the company’s stock valued at $2,445,000 after acquiring an additional 253,697 shares in the last quarter.

TIC Solutions Trading Up 4.6%

NYSE TIC opened at $10.02 on Wednesday. TIC Solutions, Inc has a 52 week low of $6.36 and a 52 week high of $12.94. The firm has a 50 day moving average of $9.14 and a two-hundred day moving average of $8.80.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $584.35 million during the quarter. As a group, analysts predict that TIC Solutions, Inc will post 0.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on TIC shares. Robert W. Baird set a $10.00 target price on TIC Solutions in a research note on Friday, August 7th. UBS Group restated a “buy” rating on shares of TIC Solutions in a report on Monday, October 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a research report on Friday, September 4th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Finally, Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

TIC Solutions Profile

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component.