5,000,000 Shares in TIC Solutions, Inc $TIC Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of TIC Solutions, Inc (NYSE:TIC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,000,000 shares of the company’s stock, valued at approximately $40,450,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in TIC Solutions in the second quarter worth $29,000. National Bank of Canada FI bought a new position in shares of TIC Solutions during the third quarter worth $53,000. Principal Financial Group Inc. acquired a new position in shares of TIC Solutions in the 1st quarter valued at $69,000. Tower Research Capital LLC TRC acquired a new position in shares of TIC Solutions in the 2nd quarter valued at $82,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of 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 buying an additional 1,165 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently commented on TIC. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Zacks Research raised 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. Robert W. Baird set a $10.00 price target on TIC Solutions in a research report on Friday, August 7th. Finally, Roth Capital reiterated a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TIC Solutions currently has an average rating of “Hold” and an average target price of $12.00.

TIC Solutions Price Performance

TIC stock opened at $9.82 on Friday. The stock has a 50-day moving average price of $8.29 and a two-hundred day moving average price of $8.42. The stock has a market cap of $2.14 billion, a PE ratio of -16.93 and a beta of 2.83. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.76. TIC Solutions, Inc has a 1 year low of $6.36 and a 1 year high of $14.94.

TIC Solutions (NYSE:TIC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $584.35 million for the quarter. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%. Equities analysts forecast that TIC Solutions, Inc will post 0.29 EPS for the current fiscal year.

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.