Quantinno Capital Management LP Buys 151,968 Shares of TIC Solutions, Inc $TIC

Quantinno Capital Management LP raised its stake in TIC Solutions, Inc (NYSE:TIC) by 605.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,066 shares of the company’s stock after acquiring an additional 151,968 shares during the period. Quantinno Capital Management LP’s holdings in TIC Solutions were worth $1,165,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TIC Solutions during the 4th quarter worth $2,246,000. Swedbank AB raised its stake in TIC Solutions by 7.0% in the first quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock valued at $28,820,000 after purchasing an additional 286,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in TIC Solutions by 9.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,573,446 shares of the company’s stock valued at $23,514,000 after purchasing an additional 308,840 shares in the last quarter. Bank of New York Mellon Corp raised its stake in TIC Solutions by 8.2% in the first quarter. Bank of New York Mellon Corp now owns 5,385,942 shares of the company’s stock valued at $35,440,000 after purchasing an additional 406,255 shares in the last quarter. Finally, Progeny 3 Inc. lifted its position in TIC Solutions by 0.6% during the first quarter. Progeny 3 Inc. now owns 15,323,105 shares of the company’s stock worth $100,826,000 after purchasing an additional 92,015 shares during the period.

Wall Street Analysts Forecast Growth

TIC has been the topic of several recent analyst reports. UBS Group raised shares of TIC Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $12.50 in a report on Tuesday. Roth Capital reaffirmed a “buy” rating and set a $11.50 price target on shares of TIC Solutions in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target 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. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Finally, Robert W. Baird set a $10.00 price objective on shares of TIC Solutions in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, TIC Solutions has a consensus rating of “Hold” and a consensus price target of $11.60.

TIC Solutions Stock Performance

TIC Solutions stock opened at $9.89 on Friday. 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 stock has a market cap of $2.16 billion, a PE ratio of -17.05 and a beta of 2.83. TIC Solutions, Inc has a 12-month low of $6.36 and a 12-month high of $14.94. The business’s 50-day moving average price is $8.09 and its two-hundred day moving average price is $8.47.

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.