Man Group plc Invests $840,000 in TIC Solutions, Inc $TIC

Man Group plc acquired a new stake in shares of TIC Solutions, Inc (NYSE:TIC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 103,848 shares of the company’s stock, valued at approximately $840,000.

Several other large investors have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in shares of TIC Solutions in the second quarter valued at approximately $1,510,000. Quantinno Capital Management LP grew its holdings in TIC Solutions by 605.5% during the 1st quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock worth $1,165,000 after acquiring an additional 151,968 shares during the last quarter. Swedbank AB increased its position in TIC Solutions by 7.0% in the 1st quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock valued at $28,820,000 after acquiring an additional 286,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of TIC Solutions by 9.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,573,446 shares of the company’s stock valued at $23,514,000 after acquiring an additional 308,840 shares during the last quarter. Finally, Expect Equity LLC acquired a new position in shares of TIC Solutions during the second quarter worth $1,120,000.

Analyst Ratings Changes

Several brokerages have commented on TIC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a research report on Friday, August 7th. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Finally, Roth Capital reaffirmed a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.00.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $9.31 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -16.05 and a beta of 2.96. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. TIC Solutions, Inc has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. The firm’s 50-day simple moving average is $8.41 and its 200 day simple moving average is $8.41.

TIC Solutions (NYSE:TIC) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.04. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%.The business had revenue of $584.35 million for the quarter. As a group, research analysts anticipate that TIC Solutions, Inc will post 0.29 earnings per share for the current fiscal year.

About TIC Solutions

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.